Min­istry keeps eye on ris­ing gaso­line prices

Kathimerini English - - Business & Finance -

The Min­istry of Re­gional De­vel­op­ment is con­sid­er­ing the im­po­si­tion of a ceil­ing on fuel prices in cases where it deems they are un­jus­ti­fi­ably high.

The av­er­age price of un­leaded gaso­line has soared to 1.72 eu­ros per liter across Greece, and the gov­ern­ment is think­ing of con­tain­ing the price rise, al­though sources close to Deputy Min­is­ter Di­nos Rovlias said that so far there have been no data from the in­spec­tions that would jus­tify im­pos­ing a ceil­ing.

There are more than 10 pre­fec­tures in Greece where un­leaded gas has come close to an av­er­age of 1.80 eu­ros/lt (Ha­nia, Irak­lio, the Cy­clades, the Dode­canese, Evry­ta­nia, Ar­ca­dia, Chios, Samos, Corfu and Rethymno), while on Cephalo­nia it av­er­ages at 1.849 eu­ros/lt and in La­sithi at 1.81 eu­ros/lt.

Min­istry mon­i­tor­ing teams sug­gest that the high prices are jus­ti­fied by the high rates for crude oil and the hefty tax­a­tion on fuel in Greece, but in­spec­tions will con­tinue with mea­sures taken where prices are deemed too high to be jus­ti­fied.

The last time the gov­ern­ment re­sorted to cap­ping fuel prices was last Septem­ber, at a rate of 1.473 eu­ros/lt in Athens and Thes­sa­loniki. Prices have soared by over 15 per­cent since then.

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