“Fuel prices are elevated. Unleaded gasoline has increased by about 18 cents recently, and diesel has risen by 35 cents,” emphasized former president of the Panhellenic Federation of Fuel Station Dealers (POPEK), George Asmatoglou, speaking on Parapolitika 90.1 radio show “She and I” with journalists Stella Gantona and Thanasis Fouskidis, regarding fuel price increases due to the war in the Middle East.
When asked about imposing profit caps on refineries, Mr. Asmatoglou said that prices come from foreign centers and Southern European refineries align with them. “Therefore, I believe no one can implement this when you have a price that is given to you and you must operate based on that,” he noted.
Excerpts from the interview with the former president of the Panhellenic Federation of Fuel Station Dealers on Parapolitika 90.1
On fuel price increases due to the Middle East war:
G. ASMATOGLOU: Prices are elevated. Unleaded gasoline during this entire period has increased by about 18 cents, and diesel has risen significantly by about 35 cents.
G. ASMATOGLOU: About 20% of global consumption passes through the Strait of Hormuz. Countries will find ways to get fuel from other oil-producing countries, but the key issue for our pockets is reducing international crude oil prices and, of course, not betting on the speculative pressures they have been betting on during this entire period.
Regarding profit caps for refineries:
G. ASMATOGLOU: How much will refineries be able to implement this? Prices come from foreign centers and Southern European refineries align accordingly. Therefore, I believe no one can implement this when you have a price that is given to you and you must operate based on that.
