During a signing protocol with NOS this morning, the President of Madeira, confirmed that he will follow the national guidelines and reduce fuel VAT by 12%.
Compared to the astronomical fuel prices of last week, the ISP on petrol has already dropped by 7% and 9% with regards to diesel.
This reduction has been authorised by the EU, and is now in line with the rest of Portugal.
Samantha Gannon
info at madeiraweekly.com