Commodity Market Report

Greece downstream oil long-term outlook

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The Greek downstream oil market is dominated by the two domestic refiners, HELLENiQ Energy and Motor Oil Hellas. Together they supply the majority of the inland wholesale market and almost two-thirds of the retail market through their various marketing arms. Prices and retail margins are higher than the European average, with prices being typically even higher on the islands due to the additional distribution costs.

Table of contents

  • Market drivers
  • Outlook
    • Excise duty and taxes
    • Product quality
    • Permits and oil market law
    • Compulsory stock obligation
    • Monitoring quality and curbing illegal practices
  • Biofuels
  • Electric vehicles
  • Retail fuel volumes
  • Retail network development
  • Major players: competitive landscape
    • Helleniq Energy (EKO/BP)
    • Motor Oil Hellas (Avin/Cyclon/Shell)
  • Independent groups
    • Gasoline and diesel
    • Domestic gasoil
    • Commercial fuels marketing
    • Distribution of oil products
    • Oil product storage infrastructure

Tables and charts

This report includes 17 images and tables including:

  • Total demand
  • Demand by product
  • Car parc by vehicle type
  • Biogasoline and biodiesel blending percentages
  • Retail fuel volumes
  • Overall retail network development
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Service station networks and market shares
  • Retail products: gross margins per year
  • Retail gasoline 95 RON price formation 2022
  • Retail diesel price formation 2022
  • Commercial gasoline and diesel demand
  • Aspropyrgos refinery
  • Corinth refinery
  • Elefsis refinery
  • Thessaloniki refinery

What's included

This report contains:

  • Document

    Greece downstream oil long-term outlook

    PDF 1.92 MB