Gasoline

Unleaded prices remain high 

Amidst concerns over potential fuel shortages exacerbated by Ukrainian drone attacks, Russia has approached Kazakhstan with a request to stand ready to supply 100,000 tons of gasoline, as reported by three industry sources to Reuters.

Following the elimination of the 8.3-cent subsidy per liter on April 1, increases in the average price of 95-octane gasoline have been observed in the districts of Limassol, Nicosia and Famagusta, with the exception of Paphos, where the price only rose by 8 cents.

The price of the unleaded will go above 2 Euros in the center of Athens - Will its price increase further in the coming period?

As of April 1, the reduced consumption tax on fuel in Cyprus will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil.

Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria. According to data from the "Fuelo" platform, gasoline prices rose by 3 cents per liter (1.14 percent), while diesel saw a slightly larger increase of 6 cents per liter (2.21 percent).

At that point, even gasoline freezes…

Cuba's cash-strapped government has announced that fuel prices will soar by more than 500 percent beginning Feb. 1, part of a series of economic measures aimed at reducing the deficit.

Bulgaria has witnessed the export of fuels amounting to approximately BGN 2.2 billion from January to August, as reported by "Capital," citing the National Statistical Institute. The primary exports consist of A95 gasoline, diesel shipments to Ukraine, and fuel oil, not on the prohibited list.

Only a decline in consumption, which could lead to an economic recession and signal the entry of the Greek economy into a new vicious cycle, can now lead to a reduction in food prices.