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Increase on Heating Oil Sales

heating oilAccording to data, the heating oil sales have already shown an incredible increase for this year, the rate ranged from 20 to 80 percent. It seems that the Greek consumers reverted to the “traditional” way of heating after trying alternative types of fuel.
The Greeks believe that the return to heating oil is due to the increased subsidy which the Greek State offers, and it will allocate to more households than last year. The General Secretariat of Information Systems (GSIS) announced that it has approved 230,000 from 260,000 applications. Every day they receive a great number of applications, and last week the deposits started being placed into the bank accounts of the recipients.
The increase in the sale of heating oil caused optimistic reactions on the markets, and the industry supports that if this increase will continue, then the crisis in their sector may become manageable.
A market professional stated that “many households suffered as a result of resorting to fireplaces, electrical heaters, and natural gas. All these alternatives created plenty of problems in terms of the environment and consumers’ finances, as households had to bear the costs of building a fireplace or getting a natural gas connection and so on without getting the desired result either.” Now, the industry is waiting for more profits than last year and for a better winter for the Greeks.

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