What are the government’s measures to respond to rising fuel prices? – Economy

  • Autovoucher discount increased to 20 euros in March

The government announced an increase in the discount on the Autovoucher, from five to 20 euros this month.

The Autovoucher was one of the measures taken by the government late last year, along with others, to mitigate the impact of rising fuel prices, in the hope that this upward trend would be temporary – which is not known, verified.

In order for the bank account to be refunded, the consumer must register on the IVAucher platform and pay for the fuel with a bank card at a participating gas station, with pick-up paid regardless of the amount of fuel purchased.

The list of service stations that adhere to the measure can be consulted here.

  • Extension of the FAI discount on petrol and diesel until June 30

The government will extend for another three months, until June 30, the extraordinary reduction in ISP tariffs on petrol and diesel, maintaining the cut of two cents for unleaded petrol and one cent for diesel .

The period of the extraordinary and temporary reduction in the rates of the Tax on Petroleum Products (ISP) is thus extended, up to two centimes per liter of gasoline and one centime per liter of diesel, thus restoring the increase in VAT receipts due to the increase in the sale price of fuels.

This solution was first applied in October last year, and the government decided that the reduction of ISPs would continue until January 31 this year. On occasion, it was also decided that the measure would be monitored so that it could be “adjusted according to market developments”.

  • The maintenance of the carbon tax will continue until June 30

The update of the carbon tax on fuels, which the government had frozen until the end of March, will be postponed until the end of June.

In December, the government published in Diário da República the ordinance that suspended the update of the carbon tax on fuels until March 31 of this year, stating that without this measure, fuels would be more expensive by five cents per liter at the beginning of the year. .

  • Increase to 30 cents per liter support for taxis and buses

The government has decided to extend support for taxis and buses by three months, to mitigate the impact of rising fuel prices, now paying 30 cents a litre.

This mechanism, which ended at the end of March, provided for the payment of 10 cents per litre.

  • 150 million euros to lower network access tariffs

The Government has decided to allocate 150 million euros of revenue from the Environment Fund to the national electricity system to lower the network access tariff.

According to the Minister of the Environment, the network access tariff is sometimes responsible for around 50% of the electricity paid.

The network access tariff is paid by all consumers, whether in the regulated or liberalized market, and reflects the cost of infrastructure and services used by all consumers on a shared basis.

  • Aid for the purchase of electric vehicles increases to 4,000 euros

Individual aid for the purchase of electric vehicles will increase from three to four thousand euros, while the annual amount will increase this year to 10 million euros.

“In the decree of the Environment Fund, which will be published if not next week, support for the acquisition of electric vehicles was of the order of five million euros per year. This is not only for cars, but also for commercial vehicles of companies and bicycles. The five million euros, throughout 2022, will double”, announced the Minister for the Environment and Climate Action.

The official later clarified that the individual aid for the purchase of electric vehicles would increase from three thousand euros to four thousand euros.

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