Fuel prices at the pump in Portugal have begun to decline, with diesel dropping by 10 cents per liter and gasoline falling by 5 cents, according to reports from Rádio e Televisão de Portugal.
The reduction marks a shift in the local energy market, offering immediate relief to consumers and transport operators after a period of elevated costs.
The price cuts in Portugal align with a broader global trend of retreating oil prices.
International crude benchmarks have softened as markets digest a preliminary peace agreement between the United States and Iran.
This diplomatic development has significantly reduced the perceived risk of supply disruptions in the Strait of Hormuz, a critical chokepoint for global energy flows.
The easing of geopolitical tensions has had a ripple effect across regional fuel markets.