Fuel prices in Madeira are experiencing a new increase starting this Monday. Road diesel will see its price rise by 6.7 cents per liter, while super unleaded 95 gasoline will increase by 2.2 cents.
This update brings the debate on how prices are determined for consumers back to the forefront. Factors such as the conflict in the Middle East, international market volatility, refining costs, and the impact of taxes are identified as elements influencing this trend.
The rise in international quotations for gasoline and diesel is a key factor, as these are refined products with their own markets, distinct from crude oil. ERSE confirms that the quotations of refined products are directly relevant to price formation and can differ from Brent crude due to supply and demand constraints, geopolitical tensions, and shipping costs.
