Of the price paid to fill a car with gas, refinery prices only account for 35%, with taxes at over 50% and the rest transport costs and gas station profits.
Lower prices at the pump were short-lived.
Before the lower oil prices of previous days could fully make their way to the consumers, the new tension at the Strait of Hormuz reversed the trend and raised prices again in the Greek market.
The price of Brent rose to more than $89 per barrel Tuesday, after jumping more than 5% Monday. It is now more than 12% higher than during a temporary low of $79.36 on August 4.
According to data provided by the association of gas station owners, the price of 95- and 100-octane gasoline rose 2 cents Tuesday, that of diesel 2.4 cents and autogas (LPG) went up 1.1 cents. The association estimates that refinery prices will rise significantly Wednesday.
