The fuel market has entered a new period of intense pressure, with the price increases of recent weeks having noticeably raised costs for drivers, households and businesses, and the government working on new interventions.
The average price of unleaded is now moving around 2.20 euros per liter, while pressure is even greater on diesel fuel, which stands at 2.227 euros.
The averages, however, reflect only part of the picture, as, according to data from the Liquid Fuels Price Observatory, in the Prefecture of Athens the average price of regular 95-octane unleaded may stand at 2.176 euros per liter, but the highest declared price reaches 2.499 euros.
In other words, at some gas stations the price of gasoline is now reaching the threshold of 2.50 euros per liter.
Revoil's position
At a time when international turmoil, supply pressures and increased prices of refined products are keeping fuel prices on an upward course, the government is seeking interventions that could limit the burden at the pump, from subsidies to the reintroduction of a cap on profit margins.
Within this environment, Revoil presents its own assessment of the causes of the increases and the effectiveness of the measures under consideration.
As its people tell Euro2day.gr, “during this period the fuel market is moving upward due to the increase in refinery prices, which are mainly affected by international oil prices and those of its products, which due to geopolitical tensions and the war in the Middle East have been on the rise.”
The company takes a positive stance toward measures that can lead to a substantial de-escalation of prices, noting that such a development would work positively both for consumption and for consumers' disposable income.
It appears, however, cautious regarding the effectiveness of the cap as a tool for the immediate reduction of prices.
“The imposition of a cap, as its application in the past has shown, is more a preventive rather than a substantive measure,” it is characteristically pointed out.
According to the company, “its implementation is not expected to help competition much, as there is a tendency for the majority of gas stations to sell at the maximum price.”
Revoil believes that other options can have a greater and more immediate effect on the driver's final burden, emphasizing characteristically: “Other measures are considered more effective, such as subsidies on the price or a possible reduction of the excise tax.”
Now, the government's official announcements are awaited, which may even come in the immediately following days.