🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Portugal braces for potential fuel-tanker strike

Published 07/08/2019, 19:55
Updated 07/08/2019, 20:01
Portugal braces for potential fuel-tanker strike

LISBON (Reuters) - Portugal's government said on Wednesday it would guarantee fuel to critical sectors like hospitals and airports if another strike threatened by tanker drivers goes ahead next week.

The strike may still be averted through talks, but if it occurs it would be the second by fuel-tanker drivers this year and come at the height of Portugal's summer tourist season.

"We are talking about a particularly sensitive time of the year," Labour and Social Security Minister Jose Antonio Vieira da Silva told journalists.

The minister said 100 percent supplies would be ensured to ports, hospitals, airports, military bases, fire stations, the civil protection agency and some 320 public petrol stations.

Environment Minister Joao Pedro Matos Fernandos said the announcement amounted to a "preemptive" declaration of an energy emergency, which would allow the government to take special measures such as mobilizing the army to ensure fuel supplies.

The fuel-tanker drivers, who are pursuing higher wages and better working conditions, are threatening to strike from Aug. 12. They staged a four-day strike in April, in the middle of Easter week, causing low supplies at more than 2,000 fuel stations that panicked motorists.

Concerns are higher now as the strike could threaten airports and other infrastructure as millions of tourists arrive for summer holidays.

April's strike was the worst industrial action faced by the Socialist government in its four-year administration.

There is a parliamentary election in October.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.