Lockdown: 60% drop in fuel sales

A new blow to the fuel market brought the second lockdown. The quarantine and the restriction of movements has created suffocating conditions in the fuel sector (gasoline, diesel and natural gas). “We are on one foot in the padlock,” says Mr Kiousis. “Lockdown and fuel” Regarding fuel prices, says Mr Kiousis. The president of the Federation states that they remain stable, with the average cost of gasoline being around 1.40 euros per liter. In the latest study of the Foundation for Economic and Industrial Research (IOBE), in 2019 a stagnation was recorded in the fuel market with the value of sales to has decreased marginally by 1.1%, compared to 2018, reaching 11.8 billion euros, while the volume increased marginally from 13,497 to 13,503 thousand metric tons. just 13.3 million euros while the employed capital of the sector amounts to 1.8 billion euros. Subdued demand for heating oil The price of heating oil ranges around 80 cents per liter, from 1.05-1.10 euros per liter which was at the same time last year. Demand remains sluggish for two main reasons. The first concerns the large storage that took place at the end of last season and the second concerns the mild weather conditions that still prevail. Follow it on Google News and be the first to know all the news. See all the latest news from Greece and the world, at

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