Fuel tax discounts will remain in place to end September (at least)

Portugal’s finance ministry has announced the discounts in the government’s ISP tax on oil products is being extended through September. The discounts, equivalent to the application of a 13% rate of IVA (instead of 23%), were due to have ended on September 4. They should reduce the tax burden on a litre of diesel by 28.2 cents, says the ministry; on petrol by 32.1 cents. An extraordinary Council of Ministers meantime is scheduled for next Monday to announce a new package of measures to support families in the face of inflation.