If gasoline subsidies are withdrawn, Greece will be in the top three of the highest prices in Europe
By Chrysostomos Tsoufis
During the presentation of fuel pass 2, the example used by YPOIK to demonstrate the reduction resulting from the intervention in the cost of gasoline was € 2.4 / liter for Mainland Greece and € 2.55 / liter for island areas. No one can predict where the prices will be at the end of July when the relevant platform is expected to open.
The week, however, ended with Greece continuing to have the 3rd most expensive price in the Eurozone behind only Finland and Denmark with 2.42 € / liter. With Denmark, however, it now separates us only 1 minute from 9 last week. It is also worrying that the distance between the Greek price and the European average is constantly widening, which was found at 2.03 € / liter. 39 minutes difference between them this week from 36 last year.
Of the 51 prefectures, only 6 have an average price below € 2.4 / liter, the prefectures of Attica, Thessaloniki, Imathia, Corinth, Pieria and Chios – in the latter let us look at the reduced VAT. In the Cyclades the average price now exceeds € 2.66 / liter, while the prefectures of Dodecanese and Kefalonia are over € 2.5.
That is why in the 2 fuel pass the subsidy reaches € 100 for cars and € 70 for motorcycles while correctly the Ministry of Finance increased the incentive to use the digital card instead of the deposit in a bank account at € 15 instead of € 5 after the first fuel pass cycle only 2/10 used the card.
8 minutes compared to the previous week, the average price of diesel increased, which was found at 2.11 € / liter. Although the horizontal discount of 15 minutes is valid, Greece is constantly becoming more expensive and now has the 6th highest price from 9th week 10 minutes ago above the Community average found at 2.03 € / liter.
If the government decided to withdraw the subsidy tomorrow, then Greece would jump into the top 3 with the most expensive diesel prices behind only the Scandinavian countries, Sweden and Denmark.
All this is happening despite the fact that its international price oil has fallen about 10% in June from $ 120 to $ 106 a barrel. According to market participants, gasoline remains high because its international price (Platts Mediterranean) based on which refineries price remains close to historically high while the euro is constantly weakening against the dollar. In the last month alone, it has lost 2% against the US currency.
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