Fuel
Energy
Greece to Use Lignite Again as Fuel Alternative Due to Energy Crisis
Greece is planning to ramp up the use of lignite as an alternative power source to natural gas, which has become extremely expensive in the wake of the war in Ukraine.
Lignite, or brown coal, is formed from naturally compressed...
Energy
EU Issues Guidance on Russian Gas Payments in Rubles
The European Union has softened its stance on the purchase of Russian gas and oil, as it released a series of guidelines for European companies to purchase fuel from the country and avoid breaching sanctions on Monday.
The bloc proposed...
Business
Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel
Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates.
The surge in consumer...
Economy
Greek Islands Could See Fuel Price-Cap as Costs Soar
Rising costs for unleaded fuel in the southern Aegean islands has prompted Greek regulators to consider a two-month price cap.
A report in Kathimerini states energy regulators' research shows drivers on Sikinos are seeing prices at €2.045 ($2.372) a liter...
Economy
Tourism in Greece Drives Car Fuel Prices up to €2 per Liter
Car fuel prices in Greece have skyrocketed due to the high tourist season, reaching up to €2/$2.35 per liter, despite the fact that oil prices have dropped internationally.
Oil prices have decreased to $73 a barrel, at least $5 down...
Cyprus
'Fuel War' Breaks Out in Cyprus
Turkish Cypriots reacted angrily to Nicosia's move to introduce fuel checks at the crossing points dividing the Mediterranean island.
“The Greek side is openly threatening consumers with new criminal measures that have been introduced to prevent shopping from the North....
Crime
Checks on Fuel Stations Stop as Greek State Abolishes Bonuses to Inspectors
Despite the fact that the Greek government had announced that 1 billion euros will be collected from tackling tax evasion in the fuel market, checks at fuel stations have stopped because the bonus inspectors were receiving for every violator...
Economy
Greeks Welcome New Year Ready to Pay More for Basics
A barrage of raises in basic goods and services accompanies the New Year, as Greek households have to pay more for fuel oil, fuel gas, telephone service, cable television, coffee and cigarettes.
The new direct and indirect taxes on consumer...
Economy
Greek Exports Drop by 8.1% in 4-Year Low
The total value of exports dropped by 8.1 percent beneath 12 billion euros in the first six months of 2016 - ending at lower levels than in 2012. There was a reduction in fuel products (-1.3 percent or 119...
Crime
The Great Gas Station Rip-Off: 1 in 3 Charge More Than They Pump
The first checks of the Ministry of Finance at gas stations around the Piraeus districts of Korydallos, Tavros, Keratsini and Nikaia found foul play. The sudden spot checks by supervisors of the General Secretariat of Industry took place at gas...