OECD recommends revisions for local fuel market

The Organization for Economic Cooperation and Development (OECD) has delivered a list of revisions aiming to wipe out illicit trade of fuel and alcohol and increase market competition.

The OECD proposals, which have been forwarded to Greece’s Economy ministry, already prompting reaction from representatives of respective market sectors, resulted following the examination of 482 law amendments influencing market practices in the fuel and alcohol sectors.

The textile and mechanical equipment sectors were also examined but obstacles confinining market competition were not detected.

The OECD proposals include 82 revisions for the alcohol sector and a further six revisions for the fuel market.

For the fuel market, the OECD recommendations are focused on measures that would reduce storage costs for companies and reduce obstacles for imports.