High decline is also recorded in gas prices that are expected to drop and electricity prices
13% dip was recorded at international oil prices within just two days of the announcement of Donald Trump’s duties, and fuel prices are also declining, which are expected to spend the next time in the pocket of the Greek consumer.
According to the “Good Morning” show on SKAI, Attica Gasoline President Nikos Papageorgiou, the data also surprised the stations themselves, as we traditionally approach Easter, fuel prices are rising instead of decreasing. In fact, the Greek refineries responded immediately to Trump duties and reduced the price of fuel by 2 minutes per liter.
Mr Papageorgiou estimates that the decline in prices will remain and will be long, and will also be seen in the “pump”, passing on to consumers. As he said, by Wednesday, April, there will be a decrease in all fuels (gasoline and diesel and heating) up to 5 minutes per liter, with a prospect further. In the big cities the average price of heating oil will approach 1.10 per liter.
Falling on natural gas – how will it affect values in electricity
In addition to falling oil prices – used for electricity production – there is a sharp decline of 18% within two days and gas prices. The high availability of both oil and gas on the market is expected to keep prices low in electricity at present.
“LNG (liquefied natural gas) is the only thing the EU has a serious negotiating capacity against the US, as we import about 50%. If he utilizes it properly and tries to exchange these imports with other commercial duties, then this (low energy prices) will have a duration, ”said international lawyer and head of the international arm of the Hellenic Association of Entrepreneurs Orestes Omran.
