NEWS

PM pledges to tackle illegal fuel trade

Prime Minister Lucas Papademos has pledged to clamp down on illegal fuel trading after Giorgos Karatzaferis, the leader of the Popular Orthodox Rally (LAOS), which is a junior coalition partner, claimed Greece had missed out on 25 billion euros in tax revenues over the last 25 years as a result of the practice.

Responding to question in Parliament, Papademos said that an electronic system to measure inflows and outflows would be extended to cover all gas stations and X-ray machines would be installed at all customs points to address the smuggling of fuel from abroad.

Hellenic Petroleum (ELPE) and the Hellenic Petroleum Marketing Companies Association (SEEPE) have recently submitted proposals on how the clandestine trade in fuel can be addressed.