Autogas

Fuel prices will rise by another 10 cents by the end of the year, traders predict. The upward trend in prices is due to more expensive oil on international markets.

Turkey's liquefied petroleum gas (LPG) imports increased by 24.03 percent to 257,764 tonnes in March compared to the same month of 2020, according to the latest data from the country's energy watchdog.

The Energy Market Regulatory Authority's (EMRA) data showed that Turkey's imports came from the U.S., Algeria, Kazakhstan, Russia, the Bahama Islands and Norway.

Turkey's liquefied petroleum gas (LPG) imports decreased by 21.07 percent to 207,225 tonnes in January compared to the same month of 2020, according to the latest data from the country's energy watchdog.

The Energy Market Regulatory Authority's (EMRA) data showed that Turkey's imports came from Algeria, the U.S., Kazakhstan, Norway, the Bahama Islands and Russia.

The share of passenger cars with diesel engines in Bulgaria increased steadily in the first half of the year, according to the registration data of the Road Police. In just six months, the difference between the cars of the two main types of fuel decreased by 49 184 units.

The Finance Ministry is improving its supervision of fuel stations in a bid to crack down on rampant tax evasion and fuel smuggling, by forcing businesses to send a report at the end of each working day with the sum of all transactions made via their cash registers.

Fuel market professionals speak of major smuggling phenomena in the Greek autogas market, estimated to cost the public coffers more than 40 million euros per annum.

They point to the extensive sale of gas destined for industrial use - which is both lower in quality and taxed at a lower rate - being sold at fuel stations as autogas.

Turkish LPG distribution company Aygaz said on Sept. 12 its Entek Elektrik Üretim unit, jointly owned with parent Koc Holding, has bid in a tender to operate two hydroelectric power stations.

A previous privatization tender in 2016 for the two power plants, Menzelet and Kılavuzlu, had been canceled, Aygaz said in a statement to the Istanbul stock exchange. 

Illegal trade in gas is soaring in Greece due to the increase in taxation and the absence of inspections, leading to total annual state losses in excess of 20 million euros.

The increase in the special consumption tax on fuel and the rise in global oil rates have sent the retail prices of gasoline and diesel soaring over the last few days.

After five years (2009-13) of decline, the fuel market returned to positive territory in June, albeit at the marginal rate of 0.3 percent year-on-year, according to official data, capitalizing on the first signs of economic recovery in Greece.