/ASAE inspector general 'takes off' fuel price variations from illegitimate profit scenario
ASAE inspector general 'takes off' fuel price variations from illegitimate profit scenario

ASAE inspector general 'takes off' fuel price variations from illegitimate profit scenario

The inspector general of the Authority for Economic and Food Security (ASAE) considers that, at least in light of the Public Prosecutor’s Office criteria, the price changes detected at gas stations after the tax has been reduced do not constitute illegitimate profit by the gas stations.

“I think that the requirements are not met to immediately consider this type of situation”, says Pedro Portugal Gaspar, first of all because “relatively reduced margins ” which, in his view, would hardly be accepted as a crime.

“We are talking, moreover, about a criminal offense that has to be sanctioned by the judicial authority and the practice we have of situations that we have reported in the past is that some are not welcomed by our judiciary”, he observes, in an interview with Jornal de Negócios and Antena 1.

ASAE carried out two actions to verify the reduction of fuel prices following the lowering of the Tax on s Petroleum Products (ISP): the first 24 hours after the tax reduction and the second eight days later – both under the same sample of 71 gas stations. And, although there is a promise that they will continue to monitor the market, no further interventions of this type are planned.

For Pedro Portugal Gaspar, the “most relevant data” to be extracted from the monitoring of ASAE was the deterrent effect it produced, since six of the seven stations that initially did not pass on the drop to the consumer, equivalent to 10% of the sample, came to do so later.

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