Topic: Countries with the most expensive fuel | Greece's case study - page 2. (Read 630 times)

India is still doing trades with Russia for their oil. I haven't kept up with Russian oil exports but it caused some concern for the West that India was still electing to do business with Russia despite sanction efforts. A source I found suggests India is not looking to stop their cheap oil binge: https://www.cnn.com/2022/05/31/energy/india-snapping-up-russian-oil-intl-hnk/index.html

All the fuel costs in Europe skyrocketing is really by choice. If they want to do business with Russia and lower their fuel costs, they can. India's doing well for themselves and I don't find the war in Ukraine a compelling reason to send fuel costs soaring. Good for them.

Depends how you look at it. If electric cars don't become less expensive than they're, with at least the same mileage as you would get filling up a regular car, then electric cars could make it more difficult for the poor. Since, cars requiring fuel will become less used, and therefore fuel becomes a sort of niche product with much less demand, which would in turn increase the cost per litre.

This is especially true when you throw the UK in the mix which is banning the sale of any new car that isn't electric in 2030. If you haven't converted by then, and can't afford to convert you'll likely be paying massive amounts per litre of fuel.

At the moment, electric cars are too expensive. You're looking at 30-40k. Anything less only has about a 100 mile range which is absolutely shocking compared to the fuel alternatives. Fuel costs are currently £1.83 per litre, and that's likely to shoot up to above £2 a litre in a few months. Then when 2030 comes on you kind of get a compounded increase, due to the pandemic, war, and inflation. Then, obviously you're hit by the law being brought in banning new car sales that aren't electric.

In my country (India), we have a strange situation. The gasoline and diesel prices have increased only by around 5% during the last 6 months. The reason is that the government reduced taxes on fuel, and then asked the public-owned refiners to subsidize the fuel. PSUs such as Indian Oil Corporation are incurring huge losses for every liter of fuel they sell on market. Now I don't know for how long they will be able to continue with this system. Because at some point, the subsidies need to stop. Else these companies are going to become bankrupt.

Yes the price of the ticket in my country has also skyrocketed. Some people can't help but complain without even knowing the real reason why it did happen but me I don't complain anymore because I know that it is only caused by the rise of the fuel's price. Despite of the increase, the operator of the vehicles do also earns less than what they are earning before the fuel hike came.

If there are ones that are totally affected it was them the drivers or the operators because they mostly have big families and have a much poorer lives than to most of the commuters that mostly have a better-paying jobs and have a small number of family to feed.

I think I would not call getting oil from a country that wages a genocidal war (so, basically, sponsoring the war by paying for Russial oil) 'fortunate. Does not it make you uncomfortable, knowing the source and what's going on?
I never had to buy oil in my life, so I don't know our prices and don't intend to get involved. As for gas, I hope my country and others will switch more to electricity (we have tons of gas stoves and some gas heating), and source it from something more eco-friendly and not related to dictatorships.

politics is a drama that is forever irritating...

(I didn't mention the issue of greece oil prices) The problem of oil prices is a serious thing that happens in many countries, the high price of oil certainly affects the cost of goods (food and beverages). in my country, the price of oil in different regions (cities and provinces) is different, the politics that causes it all, the government is just sweet-talking, their campaign promises are fake.

Solar panels are a great solution for countries with excessive sunlight, such as Greece or Italy, but no one seems to be taking advantage  of such an opportunity. As you've already mentioned, EVs are not solving anything, since the percentage of renewable energy sources is minimal, according to OurWorldinData, it was just 11% in 2019, a number which may have slightly increased.

On top of that, they are currently exceedingly expensive for the average household, but that's supposed to change in the future. Fuel continues rising, groceries as well while getting by is a lot more difficult now. On top of that, as you've also mentioned, that huge chunk of oil supply from Russia hasn't been replaced and is causing an outrage in pretty much everything.

To add onto the pricing of oil... there are HUGE oil ships parked in the sea the size of small countries... nationalization of assets would be a good call for such assets as they are only going to profit the elites anyway.

The reliance on oil has always been the easy solution but it is not the only solution. The problem is the politicians are not paid to solve problems, they are paid to politik problems. Europe has ample land, order solar panels from china and put em up like no tomorrow and watch what happens. China's factories can churn out panels pretty fast. The poorer regions could use this as a source of income for the richer regions. Solar efficiency is increasing despite the funding for solar being well below the R&D budgets for fossil fuels. There are prototypes of over 50% efficiency, the current solar cells in market are only around 15% efficient right now.

There is still sufficient time to shift from fossil fuels before reserves dry up... oh and theres a shortcut too if the earth doesent matter, just buy from the other oil producing countries, countries like the UAE have tons theyre sitting on.

All of this wont happen though... heres whats going to happen instead... largely nothing will be done to address the supply issue. Some supplies may be arranged from alternate suppliers but they will be inadequate. Fuel prices will continue rising. Daily items prices will sky rocket. In some countries the prices of groceries tripled during early days of covid and continue to rise till today.
"You will own nothing and be happy" know where that comes from?
The money printer that was turned on during COVID will continue the after effects of 'inflation'. If this does not show why FIAT is a failure i do not know what will.. This is why BTC exists and is a hedge against inflation.

EVs will not solve the problem because the problem is where does the electricity come from? Many times a major chunk of it comes from fuel...

I am optimistic that the problem of energy is addressable on a global scale without fossil fuels but skeptical that any major country has the guts to move away from fossil fuels dependence (bhutan is a good pilot case study on green energy as a major source of energy)

I'm in a small city which doesn't have urban public transport so I can't really tell. However, I've heard that suburban tickets have seen a small increase, but it's not an alarming one. Discussions were being made a few weeks ago to reduce the VAT percentage from 24% to 13% in bus, train tickets etc, but it hasn't been implemented yet.

Germany has significantly reduced the cost of public transport, via their monthly transportation card which is available for only 9 euros and includes suburban trains and buses.

So far we have talked much about expensive fuel in connection with personal transport. What about public transport in your region? Has ticked prices went up or transport companies plan to do it? So far in my country I see people, who use public transport with sort of a dominance on their faces. They have paid same ticket price when the diesel (I have diesel car, so I remember diesel prices) cost less than 1 EUR, 1 EUR, 1,50+ EUR, 2+ EUR. Public transport users so far feel quite comfortable with fuel price increase, or so far they bother about it. In my country I think the amount of public transport users is greater than those who use their own transport. But, if ticket prices doubles, I expect dissatisfied statements.

Well, Brent oil has spiked to $125/barrel, which will send prices over 10 cents per liter, surpassing €2.45/liter of unleaded 95 petrol. As you've said yourself, the situation is bound to get worse, and I'm not sure how our citizens will make ends meet, including myself. Electricity will become a huge issue in the upcoming weeks, they are already discussing to ban cars on Sundays, limit A/C usage and a few other measures that I cannot recall at the moment.

Instead of the current problems with gasoline, problems with electricity will begin, that's all.

There will be no solution to this problem. The fuel crisis is a curse we all have received.
The crisis is server in Sri Lanka and Pakistan and they are also facing political turmoil in there. Just because they refrained from not participating in the wars of other.

Even small countries are suffering from fuel price hikes. I wonder why even our country's fuel price is rising each week when our fuel supply isn't from countries that are experiencing war. In this case, even the inflation rate is rising continuously and everyone is tragically suffering. I hope they could do a solution to this problem which we have been facing for years and is getting worse each year.

I wish the whole world turns to these environment friendly vehicles - and there is no need for fuel - this OIL war has done so much damage to the world. The monopoly is not going to end and there will be no peace on the earth if the same situation continues.

Tesla is already receiving orders for their Semi, by depositing a $20.000 down payment. If I'm not mistaken, deliveries are claimed to start from 2024, according to Elon Musk. A few other companies are also said to develop, or have developed smaller trucks already, such as BYD or Daimler. It would be interesting to see what range they'll achieve, because they're way too heavy, and how fast they'll charge

Again we only talk about the electric cars but this isn't end with the cars alone, I am talking about moving the goods from ship to truck, even we are in the development of electric trucks but what about moving the billion tonnes of cargo across all over the world.

I love the concept of electric cars, however, I believe that they're a still at a relatively early stage of development, which makes it hard to be widely adopted. If I were to buy one with a decent battery autonomy, I'd have to spend more than $40.000-$50.000. We can hardly afford to pay the extravagant fuel prices, let alone buy an expensive brand-new car. In the future perhaps, when the prices drop to more feasible levels, I'm pretty sure they'll be a number one option for most consumers.

My country still provides subsidies for diesel and oil so it is still cheap compared to many countries, the price of 1 gallon of oil is around $5, oil is an important factor that can make the economy better or trigger inflation so the government is very serious about maintaining oil stocks.