The Azorean executive justifies the “adjustment of the maximum sale price to the public” of fuels with “recent variations in the international market of reference quotations for oil and energy products”.

In July, diesel costs 1.325 euros per litre in the region, 3.1 cents less than the price in June (1.356).

In the previous month, the price of diesel had already registered a drop of 8.5 cents per litre.

The price of coloured diesel for agriculture and fishing, defined in another order, also dropped by 3.1 cents.

Marked diesel consumed in agriculture now costs €0.954 per litre, while the price of colored and marked diesel consumed in fishing is fixed at €0.764 per litre.

The price of gasoline, set at 1,523 euros per litre, remains unchanged for the second consecutive month.

Fuel oil with a sulfur content of less than or equal to 1%, when intended for other consumption, supplied in bulk at the installations of distribution companies on each island, is reduced by 0.5 cents to 0.594 euros per kilogram.

Fuel oil for electricity production, supplied in bulk at the installations of the distribution companies on each island, recorded a price drop on the island of São Miguel from 606.24 to 600.49 euros/MT and on Terceira from 635.18 to 629.43 euros/MT.

In Pico it drops from 714.23 to 710.26 euros/MT and in Faial from 700.14 to 696.16 euros/MT.

The price of butane gas sold in cylinders, piped or in bulk does not change, varying between 1.348 euros per kilogram (in bulk) and 1.618 euros per kilogram (24-liter bottle, made of light materials, sold to the public, at the place of consumption).

The maximum price for oil and energy products in the Azores are "changed on the 1st of each month and in amounts equivalent to the variation in the monthly Europe Price (PE)".

In March, the Azorean executive increased the Tax on Petroleum and Energy Products (ISP) by 10 cents, justifying the decision with “a trend towards normalisation of fuel prices on the world market, to values ​​similar to those prior to the geopolitical crisis provoked by the war in Ukraine”.

ISP is charged at 46.5 cents per litre for gasoline and 24.2 cents for diesel.

The ISP in the Azores had lowered, in August 2022, nine cents on gasoline and 11.3 cents on diesel.

The Azorean executive had already reduced the ISP by four cents on gasoline and two cents on diesel, in November 2021, and by 11 cents on both fuels, in April 2022.