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It's not just oil. Centeno says it's 'only a matter of time' until the gas price rise 'reaches' the rest of the economyPhoto by planet_fox on Pexels
Business
Energy

It's not just oil. Centeno says it's 'only a matter of time' until the gas price rise 'reaches' the rest of the economy

CNN Portugal14 September 2026 at 23:18

Mário Centeno, former finance minister of Portugal, warned that the rise in natural gas prices will eventually affect the rest of the economy, calling it only "a matter of time." The former government official made this statement at a time when energy prices continue to rise significantly.

Centeno recalled that the Portuguese Government receives millions of euros in dividends from Galp and Caixa Geral de Depósitos (CGD), two companies with state ownership. This is a source of revenue that, according to the former minister, could be used to mitigate the impact of the energy crisis on families and businesses.

Centeno's comment comes in the context of a broader debate about how governments can respond to rising energy costs, which have affected consumers and businesses across Europe. The situation puts pressure on executives to find solutions that mitigate the effects of inflation on energy prices.

Why this matters

Portuguese readers face the risk of widespread price increases, given that Centeno anticipates that the gas price rise will spread across the economy. The article is relevant because it suggests that the Government has financial means available, through dividends from state-owned companies, to respond to the crisis without needing additional borrowing. This analysis comes on the heels of the publication of the Supplementary Budget, which already foresaw energy support measures.

About this summary

This is our short summary of a report published by CNN Portugal on 14 September 2026 at 23:18; the full text stays with the publisher. In our feed it sits under Business. We currently carry 22859 items in that section.

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