So much for “historic fall in cost of fuel”


The much-publicised ‘historic fall in the cost of fuel’ earlier this week hardly registered at the pumps, but worse is on the way. National media warns prices will be going up again on Monday – all linked to the continuing high price of a barrel of crude. Confusingly, Mário Centeno – governor of the Bank of Portugal – has said he doesn’t believe this will lead to a recession “in annual terms”, but admits the country is looking at negative growth in the second and third trimester.