SpaceX plans Texas power and computing complex with $24 billion initial investment
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Portugal petrol prices fall 9.5 cents as tax change limits relief
The government reduced an extraordinary fuel-tax discount, leaving price cuts below estimates from the Automóvel Clube de Portugal.
Portugal’s petrol prices dropped 9.5 cents on November 9, 2026, while diesel declined 9 cents. A government decision to trim an extraordinary discount on the Tax on Petroleum Products (ISP) limited the reductions.
The Automóvel Clube de Portugal (ACP) had projected a 12.5-cent decrease for petrol and an 11-cent cut for diesel. At a central Lisbon filling station, the DGEG portal’s simulator listed standard 95 petrol at €1.92 and special diesel at €2.13.
Environment and Energy Minister Maria da Graça Carvalho said prices were moving downward, although further decreases could come slowly. She cited damaged refineries across the Middle East, Russia and Ukraine, saying rebuilding or repairing the facilities would take a long time.
Carvalho said Portugal remained subject to global price changes despite obtaining crude from suppliers such as Brazil and Algeria. The Iran war, the closure of the Strait of Hormuz and attacks on tankers crossing the Persian Gulf have affected fuel prices.
Brent was trading at $94.00 per barrel on November 9. Its previous Friday close was $98.68, a decline of $15.11, or 13.32%, from October 30.