Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter

The price of heating oil across Greece has been set at 1.196 euros per liter, with Pieria, in central Macedonia, recording the lowest price at 1.16 euros and the Dodecanese islands in the Aegean showing the highest price at 1.39 euros per liter, according to the latest official data from the Ministry of Development.

In Athens, the average price of heating oil, which became available to the public as of Oct. 15, stands at 1.67 euros per liter, while in Thessaloniki, it is a little higher at 1.77 euros per liter. In Crete, prices range from 1.194 to 1.272 euros, with the island of Lesvos being the second most expensive region at 1.292 euros per liter, in the entire country.

As announced last week, citizens are expected to be allowed access to the platform for heating subsidies in early November.

The Greek government’s goal is to reduce dependency on heating oil which is the reason why the Minister of Environment & Energy, Theodoros Skylakakis announced that the subsidy for electric heating will be larger than that of oil, covering the entire heating season.

This is part of the government’s plan to shift away from the use of fossil fuels. For the same reason, there will be a slight increase in subsidies for alternative energy sources, such as biomass.

As for the size of the subsidy, Skylakakis noted that households in colder areas will receive 25% more this year, with the amount adjusted based on actual weather conditions.

He further highlighted that subsidies for fossil fuels, including heating oil, will be gradually phased out in accordance with EU directives.

This year, the maximum subsidy will increase from 1,000 to 1,200 euros, with around 800,000 households expected to share 260 million euros in total subsidies.

Source: tovima.com