Fuel: The overthrow of OPEC is Putin’s “merit”.

Surprising markets and organizations, OPEC eventually cut oil production instead of increasing it as expected. It is estimated that the price of a barrel will break in a very short time the barrier of $100 a barrel.

The additional reduction in daily oil production announced by OPEC caused tremors in the relations of Western countries, adding, on the contrary, a significant advantage for Russia and Vladimir Putin.

The reduction in daily production of “black gold” is expected to have direct consequences on fuel prices, inflation levels and bank interest rates.

Vladimir Putin will be the winner too! This is because production cuts by OPEC member countries put more pressure on non-oil-producing countries to seek new agreements with Moscow to supply oil, above the $60-per-barrel cap set for Russian oil.

Greece: “Fire” unleaded price – exceeding 2 euros

The price of unleaded is back on the fire as we head into Easter, making it even more affordable to go out and go. The liquid fuel market is up and down and Easter-goers can’t quite calculate their travel costs.

“We are not going anywhere, we are going to stay here. Even the days of Easter, when people need to rest, have become very difficult, ”citizens tell MEGA Camera.

In many regions of the country, the average price of lead-free products has already exceeded 2 euros per litre.

Cyclades: 2,148 EUR/L

Dodecanese: 2.056 EUR/L

Ifritania: 2,010 EUR/litre

Close to the “hot” limit of 2 euros, among others:

Kefalonia: 1,994 euros/litre

Lefkada: 1,972 euros / liter

Rethymnon: 1,970 euros / liter

Fukida: 1967 euros / liter

The factors that determine the price of fuel are, among others:

– Higher taxes on unleaded.

– Euro/dollar exchange rate.

Refineries pricing.

Platts mediterranean share price

As can be seen from the current market data, after OPEC’s decision to cut production, unleaded will continue to move upward.

Watch the MEGA report: