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Tax on oil companies' extra profits "will lead to nothing": "It's just pretending that the effort of this fuel price increase is being distributed"Photo by paulbr75 on Pexels
Politics

Tax on oil companies' extra profits "will lead to nothing": "It's just pretending that the effort of this fuel price increase is being distributed"

CNN Portugal15 September 2026 at 20:11

Pedro Santos Guerreiro, executive director of CNN Portugal, criticized the Government's action regarding the rising cost of living, stating that the executive is "pretending to do something" when, in reality, it has several tools available to alleviate the situation.

The comment comes in reaction to the measure to impose a tax on oil companies' extraordinary profits, which Pedro Santos Guerreiro considers will not "lead to anything." In his view, this measure is just a way to "pretend that the effort of this fuel price increase is being distributed."

The journalist and media manager emphasizes that the Government has multiple "weapons at its disposal" to combat the impact of the rising cost of living on citizens, but chooses not to use them effectively.

Why this matters

This analysis is relevant for Portuguese readers because it directly addresses government policies that affect fuel prices and the cost of living. The author suggests that the measures implemented by the Government are insufficient, which may influence public perception of the effectiveness of current fiscal and energy policies.

About this summary

This is our short summary of a report published by CNN Portugal on 15 September 2026 at 20:11; the full text stays with the publisher. In our feed it sits under Politics. We currently carry 30788 items in that section.

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