ECONOMY

Heating oil demand falls

Demand for heating oil has dropped dramatically in Greece due to the financial crisis, with households resorting to alternative methods to stay warm, according to data presented on Thursday by the Greek Federation of Gasoline Station Owners (OBE).

The data showed that during the first half of the year, heating oil sales dropped by 50 percent year-on-year in towns and villages and by 25 percent in the main cities.

OBE went on to highlight the case of Nevrokopi, in eastern Macedonia, which is among the coldest areas of the country: The repeated hikes in the special consumption tax on the fuel have led to the number of people buying heating oil at Nevrokopi shrinking from 650 in 2010 to just 10 this year.