With prices that are lower than last year, if last year’s subsidy package is not taken into account, the distribution of heating oil starts today.
Refineries and oil trading companies have filled tanks and since the morning they have been locking the selling prices of the fuel.
Prices
According to last night’s information, prices are expected to range between 1.35 and 1.37 euros per liter.
Heating oil for Greeks premiers with a price at last year’s levels
Last year, on the first day of availability of heating oil, the prices were at the aforementioned levels. However, at that time the government had subsidized the cost and the refineries had also given generous discounts to the trading companies, so that the cost of the fuel was set at the level of 1.35 to 1.37 euros per liter.
This year without even a subsidy, heating oil prices are moving in the aforementioned range. So if a comparison is made with last year’s prices, without the subsidies, it turns out that the fuel is cheaper.
Discounts
However, oil trading companies have started granting discounts to end consumers.
They do this as long as orders are placed directly from their premises and by granting interest-free installments. Thus, in several cases the price even drops to 1.31 euros per liter.
EKO was the first to announce yesterday that it is giving consumers the opportunity to purchase heating oil again this year with a 5% discount and payment in 12 interest-free installments with credit cards of Greek banks, from October 13 to November 17, 2023.
EKO’s discount program applies to purchases with both debit and credit cards.
Other oil companies are expected to announce similar promotional actions within the day.
Latest News
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.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards