Tag: fuel

Fuel demand plummeted amid coronavirus crisis – Greece, 02 April 2020

Market data for March confirmed the most pessimistic forecasts for fuel demand in the month when strict measures were introduced due to coronavirus outbreak. From a year-on-year decline of 13 % in the first week of March, petrol sales went on to drop 20 % in the second week when schools were clos Full article available for subscribers […]

Declining crude oil prices trigger record-high fuel sales in Turkey – Turkey, 24 March 2020

Petrol and diesel sales in Turkey reached a record daily high of over 81 million liters in March, triggered by the coronavirus-induced panic buying and the ongoing price battle between Saudi Arabia and Russia that is flooding markets worldwide with cheap oil. According to data published by the Un Full article available for subscribers of […]

Competition authority fined four companies in fuel distribution sector – Turkey, 13 March 2020

Turkey’s competition authority decided to impose an administrative fine on four fuel distribution companies for violating the competition law. The companies include Shell & Turcas Petrol, BP, Petrol Ofisi and OPET, which supply fuel and gasoline to many petrol stations all over Turkey. The fi Full article available for subscribers of Energy NEWS service (PDF […]