By Vangelis Dourakis

In the same project spectators … with the prices of fuel in our country’s service stations: once again the same scene is repeated in the pump, which we see steadily happening in Greece, and although its international prices for almost three weeks “black gold»They recorded thematic ‘dive’, at the domestic stations remain … unmoved!

Indeed, especially in the case of oil, prices compared to June 20 are increased!

On the contrary, when oil prices in international markets began – a short as it turned out – a “rally” with the Israeli and the United States war operation in Iran, the local service stations quickly took care to raise prices.

‘Dip’ at international prices, increase in pumps

But to get them from the beginning: from June 20 and until last Friday the international price of “black gold” from $ 77 a barrel has landed at $ 68. This translates to a decline in its price of 11.6%.

But what route records the same period the values ​​of fuel In the domestic pump? Unleaded gasoline from € 1.76/liter has fallen to € 1,747/liter, that is, decreased almost 1 minute and something, a percentage decrease of 0.7%! In other words, the price remained almost the same at a time when the international price collapsed!

The image of the diesel not only does not change, but on the contrary we have an increase in price! Specifically, from € 1,526/liter on June 20th, the diesel of traffic on July 4 cost € 1.544/liter, in other words when the international price recorded more than 11%dip, the diesel in the pump increased by 1.17%! Subsequently … Increase in stations.

So one could say that the “Rockets and Feathers” phenomenon on the Greek fuel market appeared on the market once again.

The phenomenon of rockets and wings describes the severe asymmetry between rising retail prices in petroleum oils, which are launched as a rocket in periods of international oil prices, and their slow decline, as a decline in wings.

The removal of the ceiling on the profit margin

And all of this is certainly recorded at a time when it was abolished and the infamous “ceiling” on profit margins: in particular, the legislation banned the stations from selling profit more than they had in 2021, that is, before the inflationary pressure on the war was started.

The profit ceiling was initially valid as an extraordinary arrangement during the pandemic in 2021 and was extended several times, remaining active for more than three years.

According to the relevant provision, the gross profit of each transaction was forbidden and at all stages of the supply chain to exceed that of the summer of 2021, which was considered the first post-Panteemic year.

However, since July 1, it has ceased to be in force.