The President of the Regional Government, Miguel Albuquerque, has acknowledged the possibility of a further cut to the Fuel Tax (ISP) to mitigate rising fuel prices. However, he did not commit at this time to reinforcing existing support measures.
Albuquerque stated that the region has been making weekly adjustments to the fiscal differential, ensuring that gasoline and diesel remain cheaper in Madeira than on the mainland. He emphasized that any further ISP reduction must be carefully considered, taking into account the region's financial sustainability and the need for revenue to fund essential areas like health, education, and public investment.
Madeira currently has €32 million allocated for fuel support until December, benefiting companies, social institutions (IPSS), taxis, and public transport. When asked about potentially increasing this support, Albuquerque indicated that the decision would depend on the evolution of the oil market.
