Heating oil in Greece to be more expensive from Jan 1

Τhe state subsidy for heating oil will be valid in its entirety for just four more days, as from the New Year it will reduced by 10 cents per liter.

It is quite possible that the selling price of heating oil will increase further if the subsidy from the refineries and marketing companies does not continue.

Until the end of the year, the subsidy from the state on heating oil amounts to 25 cents per liter, including value-added tax. However, as announced by Finance Minister Christos Staikouras, in 2023 and specifically from January 1 to the end of March, the subsidy will only be 15 cents per liter including VAT.

Meanwhile rates at refineries are on the rise, reports daily kathimerini.

Heating oil traders told media that this 10 cents will have the heating oil price rise from €1.12 per liter currently to €1.22. they urged consumers to take advantage of the current price and place their orders now.

PS thank goodnees the winter has been rather mild so far in large parts of the country, and Greeks turned down the gov’t proposal to switch from natural gas to heating oil.