HELLENiQ ENERGY heating oil discount, price below €1.40/lt

HELLENiQ ENERGY, formerly ELPE (Hellenic Petroleum), has decided to offer an additional discount to heating oil suppliers that will result in a retail price for households of less than 1.40 euros per liter, estimated to reach between 1.37 euros and 1.39 euros per liter. These price levels that take into account a state subsidy of 0.25 euro per liter.

The company plans to offer a further discount of 5 percent by November 21, which, if implemented, will lower the retail price of heating oil to 1.33 euros per liter.

Until early yesterday evening, heating oil retailers had set price levels of between 1.44 euros and 1.49 euros per liter, while, earlier in the week, projections had forecast price levels of between 1.50 euros and 1.55 euros per liter, now seriously undercut.

HELLENiQ ENERGY based its decision to offer an additional discount on a strategy support residential consumers challenged by high energy costs and higher living costs in general.