Pricele #118: Gasoline (1 litre) in Portugal 🇵🇹

Crude oil trades on a world market at one price, so the pump price is almost pure policy. Countries that tax fuel heavily land near the top of the table; oil producers that subsidise it land at the bottom, sometimes below what it costs to refine. The spread between the cheapest and most expensive country here is wider than for any other item in the game.

Of the 61 countries priced for gasoline, Portugal ranks #13 from the top at $2.10, 1.4× the median of $1.54.

Portugal has eurozone prices on a lower wage base, so its work-time figures are among the least favourable in Western Europe. Café prices are a notable exception and remain some of the cheapest in the eurozone. Essential food is charged at 6% against a 23% standard rate, the same headline rate as Ireland and Poland, applied to a very different income level. That combination is what makes Portugal the country in this table where the gap between the dollar column and the work-time column is most worth reading carefully: the prices are Western European and the wages are not.

See the full table for gasoline in every country or everything priced in Portugal.