Extraordinary package of measures on fuels

Last Update:2022-11-28

Summary

① a temporary reduction of the Tax on Petroleum Products (ISP) applicable to gasoline and diesel. ②a AUTOvoucher discount: Fuel subsidy of EUR 0.10/litre (maximum of 50 litres/month) at gas stations. ③the suspension of the planned carbon tax increase on fuels. ④a subsidy to road passenger transport operators(buses and taxis), equivalent to EUR 0.10/litre (maximum of 50 litres/month). In addition, targeted, permanent measures were implemented for the road freight sector from November 2021:an extension of the 50% reduction in the Single Circulation Tax (IUC) for road transport of goods; an extension of the 20% increase in Corporate Income Tax IRC on the purchase of fuels. View Details >

Details

Country

Portugal

Year

2021

Type

Plan/Proposal

Keywords

Subsidies

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CCTP is a non-governmental, non-profit, and voluntary platform, focusing on policy and technological innovations, summarizing and disseminating national and global practices for a net-zero transportation sector.