Portugal raises fuel tax rebates to €30.34 for diesel and €35.13 for gasoline per 1,000 liters

The government's decision to increase the ISP discount aims to cushion consumers against persistent price pressure, with diesel having surged 30% year-on-year in May.

By Handelsavisen Newsroom · Automated 2026-07-03 19:09 UTC · 1 min read

The Portuguese government has increased the tax rebate on motor fuels, raising the discount on the Special Consumption Tax (ISP) to €30.34 per 1,000 liters for diesel and €35.13 for gasoline.

The adjustment is designed to mitigate the impact of elevated wholesale energy costs on retail pump prices.

Data from the Directorate-General for Energy and Geology showed that diesel prices climbed 30% year-on-year in May, reaching an average of €1.

The move comes as fuel prices in Portugal remain under significant pressure.

Data from the Directorate-General for Energy and Geology showed that diesel prices climbed 30% year-on-year in May, reaching an average of €1.977 per liter.

Gasoline 95 also saw a sharp increase, rising 19% to €2.000 per liter during the same period.

This latest intervention follows similar regional measures, including a recent decision by the Azores Regional Government to increase subsidies, which led to projected declines in local fuel prices for July.