“Gasoline prices are holding firm and could rise to as high as €2.225 per liter by the end of the week,” predicted Nikos Papageorgiou, President of the Attica Fuel Retailers and Traders Association, speaking on Parapolitika 90.1 radio during the program “Ekeini ki Ego” with journalist Stella Gkantona. Regarding heating oil, he noted that “the government appears poised to intervene decisively,” as the price of €1.75 per liter had already proven prohibitive for consumers.
Highlights from Nikos Papageorgiou’s interview on Parapolitika 90.1
Among other things, he stressed:
On fuel prices
N. PAPAGEORGIOU: Over the past few days, we have seen a drop in diesel prices at fuel stations. Diesel has fallen from €2.22 down to €2.09 in major cities, with a nationwide average of €2.12. Gasoline, however, remains unchanged. Gasoline prices are expected to rise by the end of the week, potentially reaching €2.25 per liter — though this depends on announcements from the ministry. We are waiting to see whether fuel subsidies will continue for motor fuels, or whether the government will shift its focus toward heating oil support.
On heating oil
N. PAPAGEORGIOU: It appears the government will intervene decisively, as economic policymakers have understood — based on last year’s experience — that a heating oil price of €1.75 per liter was simply unaffordable for most people. I therefore expect the intervention to be substantial.
N. PAPAGEORGIOU: Several heating oil distribution companies have already suspended operations. If you look at vehicle sales websites, you will see they are flooded with tanker trucks — everyone is selling off their businesses because they see no future in the sector.
