The government is introducing measures to curb gasoline and diesel prices amid rising tensions in the Middle East and potential supply disruptions. Prime Minister Luís Montenegro announced steps to stabilize the fuel market, including releasing part of the country’s strategic reserves and tightening oversight of pricing. Following the closure of the Strait of Hormuz, the International Energy Agency decided to release 400 million barrels of oil, while national authorities are ready to put about 10% of their reserves on the market. The country currently holds more than 1.5 million tons of petroleum products—enough for roughly 93 days of consumption. Tax discounts will also be triggered if prices rise by more than 10 cents, alongside stricter monitoring of retailers. Material taken from https://t.me/s/lepta
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