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Greece: Gas price ceiling suspended

17. September 2010. | 09:14

Source: ANA

The measure of the price ceiling on petroleum products, in effect as of September 13, was to be suspended as of midnight on Wednesday September 15.

The measure of the price ceiling on petroleum products, in effect as of September 13, was to be suspended as of midnight on Wednesday September 15, while an announcement by the Regional Development and Competitiveness ministry stressed that "following the intensive checks carried out and that are being carried out it is being ascertained that the market is now functioning smoothly as regards both the supplying of petrol stations and the shaping of prices. Consequently, the need to continue the implementation of the measure no longer exists."

It is reminded that the measure had been taken to prevent unjustified increases in fuel prices that appeared as a result of strikes by truck and fuel truck owners

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