Economy

Without brakes the increases in fuel

by

Of Chrysostomou Tsoufi

Train without brakes the price of gasoline. In May, the average price of unleaded has increased by almost 12 minutes. On the first of May, the average price was € 2.08 / liter, while yesterday’s pricing showed € 2.2 / liter.

The professionals concerned warn of prices 2.5 € / liter in urban centers very soon, while in some islands such as Naxos, Mykonos and Symi such prices are already observed. Amorgos and Nisyros have exceeded € 2.6 / liter.

And while consumers are searching for the cheapest gas station, the federation of gas station owners is denouncing speculative games.

The Ministry of Development continues the controls and according to information has imposed fines totaling more than € 3 million. However, the official results of the audits, which are expected to intensify in the next period, are still awaited.

As prices rise, so does the pressure on the government for additional aid as the horizontal reduction of 15 cents in diesel and especially the fuel subsidy have already been … erased by the price increases. While yesterday YPOIK closed the door on new subsidies, o George GerapetritisSpeaking to OPEN, he left a crack of light.

To the extent that our budgetary possibilities allow, we will intervene with measures which will not necessarily have a horizontal character but will have a point character, will target the most vulnerable“stressed the Minister of State in the wake of the announcement of better than expected results of budget execution in the first months of the year.

At the same time, analysts estimate that for the next period oil prices will remain above $ 110 / barrel as supply and demand do not keep pace.

The planned European embargo in gas if it is finally agreed will remove millions of barrels from the market. At the same time, US stocks, as announced by the US authorities, have fallen to their lowest point since 1987.

On the contrary and as the cases of covid subside and the cities will come out of quarantine, the Chinese giant will wake up with an appetite for more ..black gold.

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