Gasoline: Stationers expect an increase to two euros per liter by Easter

The possible increase in petrol to 2 euros per liter, by Easter “sees” the president of the Association of Attic Merchants (SAPEK), Nikos Papageorgiou, as he told ERT. Nikos Papageorgiou said that “from the beginning of the war in Ukraine we are living a period of uncertainty regarding energy products.”, and he added that “insecurity in the international field leaves the margin to rise prices to unexpected levels as any small or big event triggers market insecurity launches fuel prices. “ Even foreign analysts, he filled in, cannot justify why Brent-type oil has approached $90 a barrel and then reported some causes for this rise, such as that refineries are invoiced based on the insecurity that exists, in a four-day field, to be able to cover any risks presented. So there, as he said, is a margin of profit related to the security of refineries when refining products and supplying them to the markets. A second reason, he continued, is that the costs of the other products used in refining have increased greatly. “The price of unleaded is close to two euros a litre. For ten days there has been an increase on the Greek market which has now reached nine to ten minutes a liter by the end of the week, that is until Friday. On Saturday, we may see a couple more minutes,” the president said and added: “An average price today that we are talking about is 1.93 euros per litre for the whole country, we may find it and 1.89 euros per litre in large urban cities, but also 2.12 euros per litre for the most remote islands.” Mr Papageorgiou proposes that consumers be careful when they see particularly low prices. As he noted, “Today the Greek refineries give the tanker 1,81 euros a litre of petrol. So we all understand that from 1,81 onwards the wholesale company, the tanker, the transport costs, and the dealer must win. Let each consider how much this profit can be, 9 minutes, 10 minutes, 12 minutes, 15 minutes. So he has to count on this 1.81 and another 10, 12, 14 minutes, at the final price for my assessment to be safe.” “If the current situation continues,” he added, “possibly we see, approaching Easter, the price of petrol reaching all 2 euros per litre. “ He also stressed that “since the start of the war we dealers have no right to sell as much as we want. There is an imposition on our profit. So we can’t talk about speculative games with regard to dealers on the domestic market.” Source: RES – ICM