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Tolls in 2023 could become 10% more expensive

The price of motorway tolls could rise by 10.46% in 2023, if the estimated year-on-year inflation rate for October, excluding housing, published today by the National Statistics Institute (INE), is confirmed

The formula which sets out how the increase in toll charges for each year is calculated is laid down in Decree-Law 294/97 and stipulates that the variation to be applied each year has as its reference the year-on-year inflation rate, excluding housing, on the mainland recorded in the last month for which data is available before 15 November.

November 15 is the deadline for concessionaires to communicate to the Government their price proposals for the following year, after which the State has 30 days to pronounce itself.

In the Consumer Price Index (CPI) flash estimate released Friday, the INE said that the year-on-year inflation rate, excluding housing, in mainland Portugal was 10.46 percent in October. Final figures are due to be released on 11 November.

In 2022, the evolution of the CPI dictated a 1.83% increase in tolls, and in 2020 and 2021 prices were unchanged, after four consecutive years of increases: in 2019 tolls on motorways increased by 0.98%, after increases of 1.42% in 2018, 0.84% in 2017 and 0.62% in 2016.

As for the price of tolls on the two Tagus bridges under concession to Lusoponte - the 25 de Abril and Vasco da Gama - it may increase by 9.3% from January 2023, since the concessionaire's contract provides that the updating of rates is indexed to the year-on-year rate of change of September's CPI.


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