While the price of Brent crude oil has surpassed the $100
While the price of Brent crude oil has surpassed the $100 mark per barrel, with forecasts painting a bleaker picture in the immediate future, the Greek government is working on a series of measures, including a fuel cap system, to curtail the impact on consumers.
According to OT sources, the first step is the introduction of a cap on profit margin for trading and retail fuel. The same sources suggest that the Ministries of Development and Energy have already forwarded a list of proposals for approval to the PM’s office.
The price cap on profit margins, the exact amount of which will be decided at a prior stage, is reportedly expected to take effect immediately.
This means petroleum trading companies and petrol stations will be compelled to keep profit margins below the cap.
Greece’s economic team is seeking to cushion the impact of rising fuel prices as the latest data from the Liquid Fuel Price Observatory shows unleaded gasoline has jumped to €1.832 per liter, while diesel has climbed to €1.772 per liter. Before the war, unleaded stood at €1.751 and diesel at €1.565 per liter — representing increases of €0.081 and €0.207 per liter, respectively.
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