Fuel demand recovery slowed down in February, data shows

A recent improvement in domestic demand for fuels may have reached its end, sources have told energypress.

Fuel demand stabilized in 2014 despite a drop in the demand for petrol during the year that was offset by an increase in the demand for diesel. However, based on latest figures, any signs of overall improvement now appear to be losing momentum.

The signs of a new slowdown emerged in mid-February when a drop in demand for diesel was registered for the first time in months. A large number of drivers in Greece have turned to diesel.

Sector officials will now await market figures for the next few months before concluding whether a new trend has been established or whether the latest anemic figures are simply ephemeral.

Fuel consumption dropped considerably amid the country’s deep and ongoing recession over the past six or so years, but showed signs of improvement in 2014.