Tuesday March 3, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Illegal fuel trade shifts from heating oil to ships

By Chryssa Liaggou

Despite the leveling of the special consumption tax on diesel with that of heating oil, the illegal fuel trades turnover remains at high levels and the government is now being forced to take additional measures.

In a meeting hosted on Friday at the Finance Ministry by Minister Yannis Stournaras with the participation of Development and Energy Minister Costis Hatzidakis, Merchant Marine Minister Constantinos Mousouroulis and two deputy ministers, the situation in the market was reassessed, resulting in an estimate that the illegal fuel trade has been halved from 600 million euros before the leveling of the taxes to 300 million.

Shipping fuel is seen as the biggest problem area. A study by the Merchant Marine Ministry, presented during yesterdays meeting, confirmed market estimates regarding a shift in the illegal fuel trade from heating oil to oil for ships. The volume of shipping fuel appears to be unjustifiably high, which confirms the growth of smuggling in this type of fuel, which enjoys a privileged tax rate.

The meeting yesterday decided in favor of a closer cooperation between the ministries of Finance and Merchant Marine to contain the phenomenon. The first step to that direction will be installing GPS systems on all fuel tank vessels and to establish specific mooring spots in ports for them to be better monitored.

The installation of inflow-outflow systems at fuel stations was also discussed during the meeting. This is an obligation Greece has agreed to with the countrys international creditors. A ministerial decision has been issued forcing all fuel stations in Attica and Thessaloniki to install the systems by March 27, those in Larissa, Achaia (Patra), Iraklio, Magnesia (Volos) and Ioannina by September 27, and gasoline stations in the rest of the country by March 27, 2014. The countrys creditors have demanded that any stations that do not comply will have to close.

The ministers agreed yesterday that no extensions would be made to the above deadlines, although most fuel stations in Attica and Thessaloniki are yet to install the system. Realizing the funding issue there, Hatzidakis plans to negotiate the allocation of European Union funds to this end with Greeces creditors.

ekathimerini.com , Saturday Jan 26, 2013 (00:12)  
PMI records drop in orders but rise in jobs
Fur exports to be hurt by ruble decline
Banking sector awaits progress with creditors
New record in Athens foreign air arrivals
Greek government searches for funds amid fresh speculation about third bailout
The government on Monday scrambled to find ways to raise much-needed funding amid renewed speculation about a third bailout for Greece. Finance Minister Yanis Varoufakis met with his deputie...
Ankara backpedals on Aegean military drill
Turkey on Monday backpedaled on plans to reserve a big chunk of air space over the Aegean Sea for military maneuvers until the end of the year, Greek officials said, following what appeared ...
Inside News
BASKETBALL
Waters turns from zero to hero for Kolossos Rhodes
For 40 minutes he was a real disappointment for his coach, Aris Lykoyiannis. His shooting rate was a miserable 1 in 10 two-point shots and he had made no three-pointers. On top of that he co...
SOCCER
Super League clubs promise to combat violence, again
The Super League clubs agreed on Monday to a blueprint of proposals for combatting violence in soccer grounds and will present it to Deputy Minister Stavros Kontonis to ask for the top fligh...
Inside Sports
COMMENTARY
Three options for the PM
There is one thing of which I am completely certain. If we want Greece to remain a member of the eurozone and to advance, the government faces a Herculean task. Prime Minister Alexis Tsipras...
EDITORIAL
Destination unknown
Alexis Tsiprass government is floundering in its own contradictions and risks taking the country down with it. The prime minister took on the responsibility of an agreement with our partner...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Waters turns from zero to hero for Kolossos Rhodes
2. Greek government searches for funds amid fresh speculation about third bailout
3. Ankara backpedals on Aegean military drill
4. Ties between terror groups probed
5. Judges indict 21 over Skouries gold mine attack
6. PMI records drop in orders but rise in jobs
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greek reforms could prompt bailout payment in March, says Dijsselbloem
3. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
4. Schaeuble urges Greece to implement reforms during extension
5. Next Greek aid deal will emerge in coming months, Moscovici says
6. ECB uncomfortable with leading role in Greek funding drama
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. Spain said to lead push to hold Greece to terms as Podemos grows
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.