Unleaded gasoline prices are surging across Greece, particularly in popular island and resort spots, while gas stations in the broader Athens region are steadily surpassing the 2 euros per liter mark.
On the islands, as indicated by data from the Fuel Prices Observatory, unleaded gasoline is hitting as high as 2.36 euros per liter, significantly above the national average price of 1.961 euros per liter.
In the Greek fuel market, according to data from the Price Observatory, regular unleaded gasoline has increased by 0.14 euros per liter since the beginning of the year. However, the majority of the increases, approximately 0.11 euros per liter, have occurred since Feb.1.
Petroleum trading company executives anticipate further price hikes as summer approaches, driven by increased fuel demand from heightened road travel.
This rally is partially attributed to rising international crude oil prices. The global oil market remains highly reactive to supply and demand dynamics.
Brent prices surged past 90 dollars per barrel recently, with projections of reaching 100 dollars soon reinstated by analysts.
However, recent US data revealing a significant crude inventory increase and higher-than-expected March inflation countered these gains, causing Brent to drop below 90 dollars per barrel.
Despite this, JPMorgan suggests potential for oil to reach 100 dollars due to unforeseen developments from Russia ahead of the US elections.
Analyst Tony Sycamore from IG emphasizes upward risks, citing factors like US inflation and geopolitical tensions, including potential Ukrainian attacks on Russian oil infrastructure and Iran’s response to events in Syria.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
