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Business

Portuguese prime minister outlines plan to tackle rising living costs without changing VAT

Luís Montenegro says the current situation could drag on for some time. But, unlike other European countries, he will not lower the consumption tax.

Economy

Cuts to income tax: experts back the measures but warn situation in Portugal may worsen

A cut in income tax and pension bonuses bring some relief amid inflation and clawback measures, but global conditions may yet make matters worse.

Europe News

Diesel in Portugal hits record high, Spain introduces new discount

Many Portuguese already cross the border to fill up; the trend is now even clearer, as Spain's government adds a 20-cent-per-litre discount, making Spanish diesel the second cheapest in the EU.

Europe in Motion

How are Europeans coping with energy and fuel bills?

The rising cost of fuel and energy bills is hammering Europeans, with some taking extreme measures to offset higher prices, such as giving up on medical care. However, not all of them are affected equally.

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Business

Italy extends diesel excise cut by one week: set to be last general discount

The Italian government has extended the discount on diesel at petrol stations: the 17.1 cent per litre cut will remain in force until 17 September. It is the 15th measure to curb rising fuel prices, with an overall cost of about €2.7 billion.

Business

Record fuel price rise sparks honking protests in Portugal

A slow-drive protest and blaring car horns marked the day fuel prices rose again in Portugal, with fuel costs hitting record highs across Europe.

Iran

Kilometre-long petrol queues in Iran signal further strain on Tehran

Lines formed outside Tehran petrol stations from midnight as a daily shortfall met with panic buying, while officials denied a shortage and said prices would have to change, without clarifying when or by how much.

Russia

Russia runs out of petrol at seven in 10 stations as fuel crisis worsens

Ukrainian drone campaign on Russia's energy infrastructure has caused fuel shortages so severe that the Kremlin has admitted it. Queues in Moscow are forming for the first time, and Russia has brought back banned low-grade fuel to plug the gap, while detaining residents who complained publicly.

Europe News

Russia admits new petrol shortages amid ongoing Ukrainian strikes

Ukraine has been targeting Russia's energy sites with drones and missiles for months, hoping to hit a vital source of revenue for the Russian army.

Business

Fuel prices: study says there is no "profiteering by operators"

An ERSE study found that in the first seven months of 2026 domestic prices broadly followed international costs, with no "evidence of profiteering by operators". Fuel prices are set to soar again next week.

Business

Portugal: Next week starts with a sharp drop in fuel prices

Next week brings good news for drivers: a sharp drop in prices is expected, affecting both diesel and petrol at the pumps.

Business

Italy petrol tops €2.6: opposition and groups sound alarm, govt weighs variable fuel duty

Fuel costs are back in the spotlight: in Milan and on motorways prices exceed €2.60 a litre. Opposition parties and associations warn of hikes hitting families and firms, while the Meloni government drafts measures to stem the crisis.

Business

Diesel and petrol prices to jump sharply next week

Petrol and diesel prices will increase in the week of 20 to 26 July, and the rise is expected to be particularly significant.

Russia

Russians feel the bite of Moscow's war as petrol crisis worsens

A third of Russia's refining capacity has been knocked out by Ukrainian drone attacks, causing petrol shortages across more than half of Russia's regions.

Europe News

Russian-occupied Crimea suspends petrol sales amid fuel crisis

Kyiv's targeting of Russia's energy industry has sparked a major fuel crisis in Crimea, with long queues for petrol stations and limited supply.

Europe in Motion

Where is EV charging cheapest and fastest?

Europe's EV charging network is growing fast, but prices and refuelling point density vary widely across the continent. Europe in Motion breaks down the data.

Business

Fuel prices fall 12 cents a litre from Monday in Portugal

These are the figures released by Anarec on Friday afternoon, but the drop may be smaller if the government decides to cut back the fuel tax discount.

Travel News

Portuguese among top in Europe for desire to travel in 2026

Nearly 50% of those polled in the country cited financial limitations as a reason not to travel, according to a study by Europ Assistance.

Europe News

Brussels Airlines sees no flight cancellations 'for now'

The Brussels-based airline has secured 80% of its jet fuel needs until the end of the year, but it doesn't hold physically the kerosene, as the fuel was purchased earlier under the airline's hedging strategy.

Europe News

First protests against high fuel prices emerge: who will join first?

"Producing is more expensive than ever, and prices are not keeping pace", says the Coordination rurale, which organised the rally. The union claims that "farms can no longer survive without a concrete response".