Filipe Sousa, a Member of Parliament for Juntos Pelo Povo (JPP), has submitted a draft resolution recommending the government implement an immediate reduction in taxes on fuels and create an automatic mechanism to lower the ISP (Tax on Petroleum Products).
Sousa highlighted the price difference between Portugal and Spain, noting that on August 31st, Euro 95 gasoline averaged €2.013/liter in Portugal compared to €1.733/liter in Spain. For a 50-liter fill-up, Portuguese consumers pay approximately €14 more. For diesel, the difference is about €8.20 per 50-liter tank. The JPP proposes reducing taxation to the lowest legally permissible level and utilizing European mechanisms for further reductions.
The proposal also includes establishing an automatic fiscal stabilization mechanism, modeled after Spain's system, to increase ISP reductions when fuel prices exceed a certain threshold. Filipe Sousa also advocates for returning the extraordinary VAT revenue generated by rising fuel prices to consumers through tax cuts. The initiative further suggests temporarily limiting commercial margins and potentially setting maximum prices for bottled LPG, alongside increased support for vulnerable families. For the autonomous regions, the JPP demands lower tax rates to offset the additional costs of insularity.
