Pricier fuel bumps up ferry ticket prices

Kathimerini English - - Business -

De­spite the gov­ern­ment’s move to abol­ish pas­sen­ger levies for third par­ties, the prices for tick­ets on pas­sen­ger fer­ries re­main at last year’s lev­els, while in some cases they are marginally higher.

This is due to the in­crease in fuel prices, which led to an 8 per­cent fare hike in April. The re­duc­tion that fol­lowed af­ter the gov­ern- ment mea­sure amounted to an av­er­age 7.4 per­cent.

“Tick­ets cost the same as last year, but for jour­neys to cer­tain des­ti­na­tions there is a very small in­crease that amounts to less than 1 euro per ticket,” a ferry com­pany source said. “As long as the value-added tax is at 13 per­cent for pas­sen­gers and at 23 per­cent for ve­hi­cles, the fare will still be seen as high. Only a VAT cut will help make tick­ets more affordable,” the source added.

Coastal ship­ping com­pa­nies are now des­per­ately wait­ing for the months of July and Au­gust in hopes of cov­er­ing their losses. Fuel amounts for some 70 per­cent of the daily op­er­at­ing cost of a ferry, with com­pany sources sug­gest­ing that the monthly rev­enues of a coastal ship­ping firm are enough only for fuel and for crew salaries.

No­tably, it is said that for ev­ery 1,000 eu­ros of rev­enues for the firms, the op­er­at­ing cost of a ferry comes up to 1,500 eu­ros.


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