GREECE. New programme Fuel Passwhich provides payments to drivers successful the magnitude of 40–50 euros, has again recovered itself astatine the halfway of a statement astir its existent effectiveness against the backdrop of rising substance prices.
According to information European Commission (Weekly Oil Bulletin)the quality betwixt gasoline prices successful Greece and the nationalist mean EU accrued aft the instauration of the measure. In particular, if connected March 9, 2026 the excess was astir 0.078 €/lthen by April 13 it reached 0.208 €/l.
Growing terms difference: reasons and interpretations
Some analysts property the widening spread to a subsidy effect, pointing retired that further substance request could beryllium driving up prices. As portion of this assessment, it is assumed that portion of authorities support is really leveled retired by the market.
In particular, with a conditional depletion of astir 200 liters of substance successful two months, the quality is 0.13 €/l equivalent to astir 26 euroswhich is comparable to portion of the subsidy provided. However, this appraisal is calculation modeland not nonstop grounds of the redistribution of funds.
Not lone the subsidy factor
Experts enactment that the terms quality betwixt Greece and the EU is formed under the power of galore factors:
- tax level (including ΕΦΚ And ΦΠΑ),
- logistics and marketplace structure,
- international lipid prices,
- seasonal fluctuations successful demand.
Thus, the widening spread cannot beryllium intelligibly explained by the Fuel Pass alone, though the interaction of subsidies connected marketplace terms dynamics is recognized successful economical theory.
Experience 2022
Similar discussions took spot successful 2022, when the Fuel Pass 1 and 2 programs were successful place. There was besides an summation successful the terms quality betwixt Greece and the EU, which sparked statement astir the grade to which subsidies impact the last outgo of substance for consumers.
Balance betwixt support and market
The authorities views the Fuel Pass arsenic a tool for targeted support of the colonisation to mitigate the consequences of rising prices. At the aforesaid time, alternate measures, such arsenic reducing substance taxes, whitethorn person a wider effect, but are associated with superior losses for the budget.
As a result, the Fuel Pass statement boils down to a cardinal question: to what grade authorities subsidies really assistance consumers and to what grade are they partially offset by marketplace mechanisms?
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