The Liquid Gas Distributors Association ratified on Thursday the agreement between the Association and the oil companies with the intervention of Commerce Minister, Giorgos Lillikas. POVEK Chairman, Melios Georgiou expressed his satisfaction on the agreement, stressing that the delivery of gas cylinders will continue tomorrow properly.

According to the agreement, the distributors’ commission will increase by 15 cents per cylinder and will be granted in two phases (10 cents today and 5 cents at a later stage). Commerce Minister, Giorgos Lillikas had stated earlier that “the conciliatory proposal entails an increase close to the demands expressed by the distributors. This increase will burden the oil companies and it will not affect consumers”.

Petrol stations

Mr. Lillikas is also expected to bridge the gap between the petrol station owners and the oil companies at the scheduled meeting to take place on Friday between him and the station owners. It is noted that the Minister had attempted on Wednesday to lift the strike measures of the petrol station owners, who demand an additional subsidy of £2.5 million by the companies for ‘viability reasons’.