Finance Minister Fernando Medina assured this Saturday at the end of the meeting of European Union finance ministers in Stockholm, with Sweden presiding over the Council, that “in the coming weeks there will be a reduction in fuel prices.” “What will happen in regards to the evolution of fuel prices in the coming weeks is that fuel prices will go down, and therefore these prices will continue to fall,” which motivates a “reduced support” from part of the executive branch, said the finance minister Fernando Medina.
Fernando Medina also mentioned that prices are currently below what they were before the war in Ukraine. “We must place resources where needed,” he added.
However, this update will be carried out “always in such a way that prices in this case continue to fall, although they fall a little less than they could,” said Fernando Medina.
When asked about changes in fuel prices, the minister assured that the authorities are “always assessing the trajectory”, so this will be taken into account in the conditions of growth in the markets.
“We are monitoring the situation. We must act at any moment, concentrating support in those areas that are becoming more important,” Fernando Medina concluded.
When asked about TAP’s privatization, Fernando Medina said that “the company has significant intrinsic value” and that “one should not confuse individual activities with what constitutes an intrinsic value process.”
Regarding the opinion of the Recovery and Resilience Plan Monitoring Committee, the Minister of Finance stated that it had been made public since February and that it contained information on the checks that should have been carried out and those that had already been carried out.
“In conclusion, there is a set of recommendations that are applied and continue,” he assured.
Regarding the financing of Ukraine, Fernando Medina recognized the importance of Saturday’s meeting in that there is time to prepare a sequence of support for Ukraine. “We are with the Ukrainian people” and “Europe continues to support Ukraine,” such messages were left by Fernando Medina.