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No plans for another “Fuel Pass” subsidy at present, says Minister

Fuel prices are expected to stay low in the coming period and therefore there are no plans for another ‘Fuel Pass’ subsidy at present, Development and Investments Minister Adonis Georgiadis said in an interview with public broadcaster ERT on Monday.

“Half of the winter is gone and fuel consumption was lower than expected in all countries. All fuel depots in European countries are full and there is no blackmail from the markets,” he said.

On the possibility of a new Fuel Pass, the minister said that “there is no such issue at present. Fuel prices remain much lower at this time.”

He pointed out that heating oil was now priced lower than when it first went on sale in the autumn.

“At this moment, the general picture of the international market is not a picture of panic,” Georgiadis added, explaining that the mild winter in Europe had helped.

PS Of course, there are no plans for Fuel Pass. the Market-Pass for groceries is underway. Platform is expected to open beginning of February.

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2 comments

  1. The average Greek on the average wage who owns a car will probably disagree with this minister’s opinion of low fuel prices.
    Does anyone want to bet, that at the end of the next quarter the petroleum companies announce record profits again. Nothing like having your nose rubbed in it, is there!!

    • “…at the end of the next quarter the petroleum companies announce record profits”

      No need to wait, apparently oil and gas giant (S)hell has just announced £32billion in profits!