![Super fuel theft of 90 million euros per year from tampered pumps](https://www.ot.gr/wp-content/uploads/2021/09/kafsima2-1024x616-768x462-768x462.jpg)
The alarm bell was sounded by the Association of Greek Petroleum Trading Companies (SEEPE) for delinquency in the market of diesel fuel.
During a press conference, the president of SEEPE Giannis Aligizakis, the vice president Dimitris Kontaxis and the secretary Christos Tzolas spoke about the increase of illegalities and in particular the smuggling of oil and liquefied petroleum gas, the adulteration of gasoline.
According to the estimates of the Association, the tampered pumps cause a loss of purchasing power of 90 million euros every year, while the public loses a total of 100-150 million euros in tax revenues from delinquency in various forms.
The representatives of the industry spoke about significant effects on health, budget revenues but also on the market itself as the action of these scoundrels distorts the competition and threatens the viability of companies in the fuel trade.
They noted, however, that more than 10 years decisions have been pending for the full implementation and operation of the measures that had been adopted since 2010 to deal with such crime.
What is most revealing, however, is that even the liquid fuel inlet system installed at service stations and fuel depots does not actually work, as the software used by the sellers is not certified, and the data is not compared in real time., that is, when they are transmitted to Independent State Revenue Authority AADE.
Mr. Aligizakis underlined that the current government shows a willingness to deal with fuel mishandling. He cited as an example the memorandum of cooperation signed by SEEPE and AADE, according to which the oil trading companies will bear the cost of setting up the input-output system from scratch and be ready in 2022.
The administration of the Association also urged the government to establish AADE as a central authority with decisive provisions that will also coordinate the control of other co-competent state mechanisms for dealing with smuggling and other criminal phenomena.
He also proposed to establish the real shut downs of the petrol stations that are found commiting violations, as well as the certification of the 18 specialized vehicles that will be used to conduct checks on stations for fuel adulteration and other infringements..
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Athens Hotels See Strong Growth in Bookings and Prices](https://www.ot.gr/wp-content/uploads/2025/02/Athens-hotels-600x337.jpg)
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
![Greece Launches Microfinance Fund to Support Small Businesses](https://www.ot.gr/wp-content/uploads/2025/02/stournaras-mikropistwseis-600x400.jpg)
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
![Study: Greece’s Economic Growth Threatened by Labor Shortages](https://www.ot.gr/wp-content/uploads/2023/11/45_p14.2_img-1-600x398.jpg)
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
![Greek Tax Authorities Target Tax Evasion via Lifestyle Audits](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_2347095029-scaled-1-600x400.jpg)
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Make Europe Great Again in Madrid](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-08T125319Z_1806997237_RC2CQCA44ZAR_RTRMADP_5_SPAIN-POLITICS-FAR-RIGHT-scaled-1-600x400.jpg)
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again