“Fuel adulteration is not a new phenomenon, but today the smugglers and those who adulterate fuel have become experts in this game, so it is very difficult to catch them” Athanasios Papadopoulos, vice-president of the Federation of Gasoline Dealers of Greece, pointed out.
Speaking on public FM broadcasters First Program 91.6 and 105.8, he explained that adulterated fuel causes damage to car engines, fuel systems, combustion system, injectors, cylinders and many automotive parts.
“Many times it causes immediate damage as well as long-term damage, which is slowly created by wear and tear,” said Mr. Papadopoulos, noting that fuel professionals also suffer a great deal of damage. “Since there is a gas station that sells adulterated fuel, it is certain that he has bought it at a very low price, so he sells below cost to boost sales,” he noted.
Big price differences are not normal
“When 90% of gas stations sell at one price, for example 2 euros, it is not possible for one station to sell at 1.80. Consumers should understand this,” Mr. Papadopoulos pointed out, saying that the big difference in price is not normal.
“For one person to have 2 euros and another to sell for 1.95 euros is within a logical market framework caused by the daily chore of buying fuel, with one dealer’s invoices today and another’s tomorrow depending on consumption. But when there are large discrepancies, you have to be suspicious. Prices cannot differ by 15 cents. The range of our prices is based on the price of the refineries that comes out daily through the system. From here on, due to the ceiling that has been introduced since 31 August 2021, this margin is what we also see today. We cannot say that when someone sells below the refinery price, it is a normal situation”, said the vice-president of the Federation of Gasoline Dealers of Greece.
Latest News
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.