ΚΑΤΩ ΑΠΟ 1,5 ΕΥΡΩ/ΛΙΤΡΟ ΣΤΑ ΠΡΑΤΗΡΙΑ
- 30 Apr 2023
- economy
The prices of liquid fuels in our country are showing a significant drop, with petrol once again at the level of 1.7 euros and diesel now below the psychological limit of 1.5 euros.
A big breath for drivers in our country is the significant drop in the prices of liquid fuel at gas stations across the country in the last twenty-four hours.
The price of unleaded gasoline in the major urban centers of the country has again reached the level of 1.7 euros/liter in several gas stations in Attica, showing a drop of around 15% from the approximately 2 euros it had reached in the previous weeks.
Even greater is the fall of diesel, which is offered at the gas stations of Attica even at the price of 1.49 euros/liter, reaching the lowest levels of the last twelve months.
The main reason behind the spectacular drop in liquid fuel prices in Greece and the rest of Europe is the decline in international crude oil prices.
Therefore, despite the fact that in early February an embargo was imposed on Russian oil, leading the vast majority of analysts to predict an explosive rise in the price of the "black gold" and the fossil fuels associated with it, the course of international prices to date it is the exact opposite.
This is due to three factors. The first and most important one is the drop in demand seen in the last quarter compared to the same period last year.
The high temperatures that prevailed in most of Europe until mid-January limited the heating needs of businesses and households, driving oil demand to lower levels.
The decline in the November-January quarter is estimated to have reached 10%, which depressed oil prices. Another element that has led to the drop in liquid fuel prices is the fact that most suppliers had prepared for the worst possible scenario by stockpiling large quantities of oil that remained unavailable.
Finally, the liquid fuel supply chain of the old continent managed to find alternative sources and without difficulty cover the gap created by the exclusion of Russian oil from the European market.
Despite the hopes, of course, generated by the decline in gasoline and diesel prices throughout Europe, there are not a few who warn that this decline will not continue and soon prices at gas stations will rise again.
In fact, since Russia does not seem to succumb to the pressure it receives from the international community and its exclusion from the markets of the West, it is very likely that Europe will again experience the suffocation caused by the jump in the prices of both gasoline and and of diesel at the height.
