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Tourism in Greece Drives Car Fuel Prices up to €2 per Liter

Car fuel prices in Greece have skyrocketed due to the high tourist season, reaching up to €2/$2.35 per liter, despite the fact that oil...

‘Fuel War’ Breaks Out in Cyprus

Turkish Cypriots reacted angrily to Nicosia's move to introduce fuel checks at the crossing points dividing the Mediterranean island. “The Greek side is openly threatening...

Checks on Fuel Stations Stop as Greek State Abolishes Bonuses to Inspectors

Despite the fact that the Greek government had announced that 1 billion euros will be collected from tackling tax evasion in the fuel market,...

Greeks Welcome New Year Ready to Pay More for Basics

A barrage of raises in basic goods and services accompanies the New Year, as Greek households have to pay more for fuel oil, fuel...

Greek Exports Drop by 8.1% in 4-Year Low

The total value of exports dropped by 8.1 percent beneath 12 billion euros in the first six months of 2016 - ending at lower...

The Great Gas Station Rip-Off: 1 in 3 Charge More Than They Pump

The first checks of the Ministry of Finance at gas stations around the Piraeus districts of Korydallos, Tavros, Keratsini and Nikaia found foul play....

Shocking Decrease in Gas and Heating Oil Use

Reduced incomes, higher taxes and rising international oil prices have caused a steady decline in the fuel market since 2007. According to data released by...

IMF Blasts Greek Fuel Market Monopoly

As international lenders press Greece to break up near-monopolies in professions from druggists to lawyers, a lack of competition in the country’s fuel market...

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