Greece has one of the world's six highest unleaded gasoline rates

Soaring fuel prices in Greece have put the country in the unenviable position of being among the six most expensive in the world for unleaded gasoline, and are set to have multiple consequences on the entire production chain. The latest tax assault on fuel consumption has also placed it among the 15 most expensive countries in the world when it comes to diesel.

In fact, since last week, Greek islanders have found themselves in an even worse position, as a liter of unleaded gasoline costs them up to 1.93 euros, a rate that you won't even see at the pumps in the world's most expensive country, Hong Kong.

The Finance Ministry expects this latest fuel tax increase to bring in an additional 670 million euros in 2017, compared to 2016. However, the drop in consumption has been constant since the start of the bailout process in 2010, with unleaded gasoline sales shedding more...