Portugal’s finance ministry has announced the discounts in the government’s ISP tax on oil products is being extended through September. The discounts, equivalent to the application of a 13% rate of IVA (instead of 23%), were due to have ended on September 4. They should reduce the tax burden on a litre of diesel by 28.2 cents, says the ministry; on petrol by 32.1 cents. An extraordinary Council of Ministers meantime is scheduled for next Monday to announce a new package of measures to support families in the face of inflation.
