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Next Previous Almost every week now the increases in fuel HOME • INSIDER • CYPRUS • Almost every week now the increases in fuel
Fuel prices have risen almost weekly, with diesel rising by about 50 cents and gasoline by 40 cents since the beginning of the year, according to the president of the Pancyprian Association of Petroleum Oils, while expressing the assessment that prices will continue to rise. & nbsp;
READ ALSO: & nbsp; New increases: Fuel prices break the € 2 barrier
Specifically, Mr. Prokopiou said that the formation of fuel prices “depends entirely on the global market, fuel import companies in Cyprus and the competent Ministry that controls this process” & nbsp; and added that gas station owners expect daily possible increases and “we set our prices relatively with a profit margin of around 5 to 5.5 cents.”
He said that this precision started in the last six months and especially since the conflict between Russia and Ukraine started on February 24 and he expressed the belief that “we will not have reductions in the near future”.
“Increases are coming almost “As a result, sometimes the policy and competition companies break their increases into two,” he said, adding that since the beginning of the year, the price of diesel has risen by about 50 cents and its price by 40 cents. petrol.
He noted that at some point, for some unknown reason, a difference of about 25 cents between oil and gasoline was made to reduce this difference later.
He also said that today the price of diesel is above 1, 80 euros per liter, while the price of gasoline is around 1.70 euros per liter, with their difference having been reduced to around 8 to 10 cents.
In addition, Mr. Prokopiou said that he has reduced the sales volume of gas station owners & nbsp; and added that the consumer has “too long” which has reduced his extra travel with his private vehicle.
He also said that the new price increases will further reduce consumer movements and noted that the shift to electric cars also contributes to the reduction of gas station sales. & nbsp;
The President of the Gas Station then referred to the reduction of the excise tax on fuel, a development, he said, which helped mainly in the direction of consumer psychology, as “from the moment the first reduction took place, in the following days the largest an increase in the price of fuel that has ever existed in Cyprus “, as he explained.
He noted that the oil movement increased in the following days by about 27 cents, while the decrease due to the reduction of the excise tax was about a little over 6 cents on diesel and over 8 cents on petrol. & nbsp;
He said that “such moves by the state are welcome” and expressed the view that the state should implement a formula that will determine fixed taxes, depending on the levels of fuel prices.
Regarding What will happen with possible new fuel imports in Cyprus, Mr. Prokopiou told KYPE that “imports are clearly a matter for companies” and the appropriate control by the competent Ministry of Energy, noting that the gas station owners simply follow.
Moreover, in relation to the fact that Greek Cypriots are moving to the occupied areas for fuel, the President of the Pancyprian Association of Gas Station Owners said that “a solution has not yet been found for this issue, despite the fact that we all know that this activity is illegal”. “All these increases find the gas station owners in a very difficult position and it is a matter of survival for us”, he underlined and noted that if the gas station owners do not survive, we will return to a regime where there will be no competition.
< p> Gas station owners expect to be credited with money for the reduction of the excise tax from March
Besides, Mr. Prokopiou wondered why the gas station owners have not yet been credited with the money coming from “We expect from this week as we have been informed that we will be credited,” he added.
He said that when the state implement a policy should be more direct and added that it is d The beating of the gas station owners is double as on the one hand they are consumers and on the other hand they are gas station owners.
KYPE