Fuel prices above two euros: Who will foot the biggest bill in Portugal?
From fishing to agriculture, and from freight to passenger transport, many sectors have felt the impact of sharp fuel price rises in Portugal since the war began in the Middle East.
Fuel prices in Portugal have surged above two euros per litre due to the conflict between the United States, Israel, and Iran, impacting various sectors. Nuno Figueiredo, spokesperson for DECO PROteste, warns that higher fuel costs will be passed on across the economy, particularly affecting sectors like fisheries and agriculture.
These industries experience immediate price increases for each trip due to higher fuel costs, ultimately leading to increased consumer expenses. The National Association of Public Road Hauliers of Goods (ANTRAM) and the Farmers Confederation of Portugal (CAP) agree that consumers will bear the burden of rising fuel prices. Despite a temporary price drop in essential food items, DECO PROteste spokesperson Figueiredo advises consumers to take advantage of such price reductions by making larger purchases.
Electric vehicles may experience less impact as they rely on electricity, which is not as directly affected by rising fuel prices.
Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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