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economy-business

England's Policymakers Face Tough Choices as Fuel Prices Surge — Economic Stakes Rise

On Thursday, England's policymakers grappled with escalating fuel prices that have surged by over 30% in the past year. This dramatic increase has forced the Bank of England and the European Centra…

May 1, 2026

economy-business

Portugal Cuts Fuel Tax — Drivers Face Higher Costs Next Month

The Portuguese Government announced a reduction in the Desconto, a tax on diesel, triggering immediate market reactions and sparking public debate over rising fuel costs. The move, effective from 1…

Apr 18, 2026

About #fuel tax

Fuel tax refers to a government-imposed levy on the sale of fuel, often used to generate revenue and encourage reduced fossil fuel consumption. Recently, it has been a subject of debate due to its impact on inflation and the cost of living.