By 13% the price of oil dived within just two days of Donald Trump’s duties announcement, and a declining trend was also observed in prices of fuelwhich are also expected to pass into the pocket of the Greek consumer.
The figures also surprised the stations themselves, according to Attica Gasoline President Nikos Papageorgiou, who spoke to SKAI, as we traditionally – because we approach Easter – fuel prices are rising instead of being reduced.
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 (9.4.2025) there will be a decrease in all fuels (gasoline and oil, drive and heating) up to 5 minutes per liter, with the prospect of further decline. In the big cities, heating oil will approach 1.10 liter, average price.
Falling on natural gas – how will it affect values in electricity
In addition to falling oil prices – used to produce electricity – there is a deep decline, 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 Orestis Omran.