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12% VAT Decrease on Fuel

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

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