Fuel Market Has a Cap on Profits, Georgiadis Says

ATHENS – “With the measures taken by the government and the controls we carry out, we will always have the price of the barrel reduced,” Development and Investments Minister Adonis Georgiadis said on Wednesday in an interview with public broadcaster ERT, referring to the rising cost of energy and its knock-on effect on prices in the market that end up being paid by consumers.

The minister noted that since the maximum profit ceiling has been established throughout the fuel supply chain and continuous inspections are carried out, it is impossible for the fall in the price at refineries to not be passed on to fuel retailers. It is also impossible, he added, because inspections starts at the refinery. “So we check from the time of the import of oil until the time when the fuel arrives at petrol stations,” he said.


ATHENS - Development and Investments Minister Adonis Georgiadis said that the government is examining the possibility of extending the fuel pass, in an interview on Friday with RealFM.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.