Gasoline / New rise in price – Where unleaded has exceeded 2 euros

The prices of liquid fuels are on fire, foreshadowing a hot Easter that cannot be ruled out to extend during the summer season, as long as the upward trend of oil continues in the international markets.

The price of unleaded oil is already appearing at more and more pumps in the country close to 2 euros, and so far it seems to continue to follow, as the concern about possible oil supply risks intensifies and the demand also increases, as this year, together with the Easter season, the tourist season.

The average nationwide price of petrol was on Saturday at €1,948 per litre, having increased by 9 cents/litre over the past eight weeks. At the same time, there are now eight prefectures where the average price of lead-free has exceeded 2 euros: Cyclades (2,164 euros), Dodecanese (2,101 euros), Evrytania (2,030 euros), Kefallinia (2,024 euros), Lefkada (2,014 euros), Rethymnon (2,006 euros), Lesvos (2,005 euros), Fokida (2,004 euros).

However, prices above 2 euros are also recorded in the greater Athens area, while the most extreme unleaded prices are found on the islands, such as, for example, in Milos (2,360 euros / liter), Patmos (2,350 euros), Mykonos (2,295 euros), Santorini (2,269 euros), Sifnos (2,277 euros), Rhodes (2,229 euros) etc.

We remind you that last year in the corresponding period the average nationwide price of unleaded was 1.925 euros / liter, while Easter (16/4/42023) reached 1.948 euros, levels at which it already stands today.

Circles of the domestic market attribute the rise in prices to global developments, estimating that as long as geopolitical uncertainty and pressures on oil stock prices intensify, fuel costs will not deescalate.

New increases are also expected at the beginning of next week, as wholesale fuel price increases are foreseen, which with the new orders will also be seen at the pump. It is noted that the latest jump in the price of Brent oil has not yet passed through to domestic retail.

However, our country returned to third (from fourth) position among EU countries. with the most expensive unleaded, according to the data of the Commission.

Oil rally

Meanwhile, since Thursday the price of Brent has soared, as it exceeded 91 dollars a barrel for the first time since last October, recording an almost six-month high. From the beginning of this year until today, the price of Brent has increased by 20%.

The new pressures are mainly attributed to OPEC+ production cuts, strong demand and heightened geopolitical risks.

The new jump in oil futures is linked to tensions in the Middle East, which are escalating as Iran threatens attacks on Israeli diplomats, and Russian refineries, which are counting losses in capacity after the Ukrainian drone attacks, while OPEC+ it is not changing its line by continuing to cut oil production by 2 million barrels per day until the end of June.