Greece considers extending diesel subsidies amid rising fuel prices

fuel prices diesel subsidy gasoline costs energy crisis Greece economy

Fuel prices in Greece are facing significant upward pressure, with both unleaded gasoline and diesel exceeding 2 euros per liter. This trend is driven by rising international Brent crude prices, which have seen a 30% increase since late February following refinery disruptions in the Middle East.

To mitigate the impact on households and the transport sector, the Greek government is considering an extension of the 10-cent per liter diesel subsidy into September. Currently, the total relief for diesel includes a 10-cent state subsidy and a 5-cent discount from refineries. The final decision on this extension rests with the Prime Minister.

Market experts have outlined several scenarios for September. If subsidies continue and Brent remains around 90 dollars, prices may stabilize near 2 euros. However, if Brent reaches 100 dollars, gasoline and diesel could rise to between 2.15 and 2.20 euros per liter. Additionally, a national agreement to reduce prices on approximately 1,300 basic consumer goods by 5% to 25% is set to take effect on August 31.

Entities

Cyprus · Eurostat · Giannis Loverdos · Giorgos Asmatoglou · Greece · Greek government · Hellenic Energy · Hellenic Republic · Helleniq Energy · Israel · Ministry of Development · Motor Oil

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Refinery stocks are reported to be limited, raising fears of prices reaching 2.50 euros per liter. www.thenewspaper.gr · www.ieidiseis.gr
[● 4 SOURCES] The average national price of diesel is approximately 2.012 to 2.035 euros per liter. www.lesvospen.gr · omikron24.gr · www.reporter.gr
[● 4 SOURCES] Brent crude oil is trading around 90-94 dollars per barrel. omikron24.gr · www.sbctv.gr · www.reporter.gr · www.alfavita.gr
[● 5 SOURCES] Foreign Minister Giannis Loverdos stated that a reduction in fuel excise tax is possible under extreme market conditions. tempo24.news · www.insider.gr · myportal.gr · www.sofokleousin.gr · www.thestival.gr
[● 2 SOURCES] The government has a reserve of approximately 200-230 million euros for energy interventions. www.lesvospen.gr · omikron24.gr
[● 7 SOURCES] The Greek government is considering extending the 10-cent per liter diesel subsidy beyond August. www.lesvospen.gr · omikron24.gr · www.reporter.gr · pelop.gr · www.lykavitos.gr · +1 more
[● 3 SOURCES] The average national price of 95-octane unleaded gasoline is approximately 2.024 euros per liter. www.thenewspaper.gr · www.ieidiseis.gr
[○ 1 SOURCE] Diesel prices in Greece increased by 12.1% between June and July 2026. omikron24.gr
[DISPUTED] Brent crude oil is trading at 86 dollars per barrel. www.lykavitos.gr · www.epiruspost.gr · www.tanea.gr
[● 3 SOURCES] The final decision regarding the extension of diesel subsidies rests with the Prime Minister. www.lykavitos.gr · www.epiruspost.gr · www.tanea.gr
[● 3 SOURCES] The average nationwide price in Greece is 2.03 euros per liter for unleaded gasoline and 2.04 euros per liter for diesel. www.lykavitos.gr · www.epiruspost.gr · www.tanea.gr
[○ 1 SOURCE] A national agreement to reduce prices on approximately 1,300 basic consumer goods by 5% to 25% takes effect on August 31. www.lykavitos.gr