Greece: Draft Report Will See Supermarkets Enter Petrol Retail
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Thursday, 28 August 2008 |
Following its deliberations with the involved parties, the Competition
Committee has reached its conclusions on the petrol retail market.
The draft report proposes that for oil retail prices to drop petrol station opening hours should be reduced, a development that petrol station owners are objecting. In parallel, it proposes supermarkets to have petrol stations.
After announcing the draft report, a second round of deliberations is to follow on 29 September, when the final decision will be issued. The most basic measures expected to be announced will concern refinery and fuel imports. At present only two companies are licensed for such fuel imports.
The committee has discovered that no transparent measures have been imposed in determining the gross prices, proposing in parallel transparent discounts on behalf of the companies to petrol station owners. The draft report will constitute a basis for the legal processing of the whole framework governing the fuel market.
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