Mar 10 • 14:18 UTC 🇬🇷 Greece Naftemporiki

K. Hatzidakis: Measures against extortionate pricing within the week

The Greek government is set to announce measures against price gouging and ensure fuel supply within the week, according to Deputy Prime Minister Kostis Hatzidakis.

Kostis Hatzidakis, the Deputy Prime Minister of Greece, announced government priorities aimed at safeguarding consumers, emphasizing that new initiatives to combat price gouging will be made public by the end of the week. He assured citizens that there is no reason for concern regarding the availability of fuel and natural gas amid rising prices.

Hatzidakis outlined that the government's immediate focus includes ensuring a steady supply of liquid fuels and natural gas in the market. He reassured the public that sufficient reserves are available, dismissing fears that consumers faced a shortage, stating that approximately 25% of international crude trade occurs through the Strait of Hormuz, thereby stabilizing supply channels.

Furthermore, he differentiated between legitimate price increases due to international market fluctuations and illegal surcharges imposed by individuals taking advantage of the situation. This distinction underlines the government's commitment to protecting consumers from unethical practices while maintaining adequate fuel supplies during volatile market conditions.

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