Fuel market contains losses, but smuggling causes concern


May provided the fuel market with some reasons for optimism, but despite the arrival of the tourism season, which typically sees demand peak, professionals in the sector are particularly worried about the increase in smuggling, which is currently barely being monitored at all by the Energy Ministry, as the minister himself admitted during the week.

Unofficial data for last month showed that the drop in consumption had eased significantly, amounting to -4 percent for gasoline (from -11 percent in April) and -3 percent for diesel (from -14 percent the previous month).