Price cap on gas con­tin­ues to fuel protests

Kathimerini English - - Business & Finance -

The av­er­age price of un­leaded gas de­clined be­tween 1 and 6 cents per liter yes­ter­day in the pre­fec­tures where a rate ceil­ing was im­posed this week, but gas sta­tion own­ers failed to reach an agree­ment with the Re­gional De­vel­op­ment Min­istry about how the price cap should work.

Mar­ket pro­fes­sion­als are call­ing for a cap on prices all along the sup­ply chain and not just on the re­tail price, sug­gest­ing that the cur­rent ceil­ing is il­le­gal and that they shouldn’t have to to ad­here to it.

While Samos gas sta­tions re­opened yes­ter­day af­ter clos­ing ear­lier, those on San­torini re­main closed for the time be­ing. The Cy­cladic is­land be­longs to one of the 13 pre­fec­tures where the min­istry im­posed the price cap.

Nev­er­the­less the av­er­age price of un­leaded gas across Greece showed no more than a mar­ginal de­crease from 1.720 eu­ros per liter on Wed­nes­day to 1.717 eu­ros/lt yes­ter­day.


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