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Fuel prices skyrocketting in Greece

Featured Fuel prices skyrocketting in Greece

Fuel prices have been heading steeply uphill and Greek consumers are now in despair.

Already unleaded petrol has climbed on the islands to 2 euros per liter. In Attica, the average selling price is set at 1.642 euros per liter and diesel at 1.414 euros per liter.

Indeed, as all petrol stations show and are confirmed by data until this summer, there will be an explosion in fuel prices and consumers will either have to put a very deep hand in their pockets or pull the handbrake.

At the same time, the market is gearing up for a surge of price increases due to rising costs of handling and production that will result if the international oil crisis continues for a long time.

While petrol stations are even talking about rising prices climbing to 2.5 euros per liter, which will historically mean the highest selling price of gasoline.

Despite the warning signs so far,  the government has not shown any alarm, since the competent Minister of Energy, Giorgos Stathakis, has not convened an extraordinary meeting on the issue.

In the past the government seeing the lowoil prices saddled fuel with additional taxes, so that for every 0.50 euros of fuel, an additional 1.00 euro in taxes is paid at the pumps.