Greek government eyes new fuel subsidy as prices near €2 per litre

Fuel prices in Greece have risen sharply, with gasoline and diesel approaching €2 per litre in urban areas and exceeding €2.22 per litre on the Cyclades islands. The government is reviewing the re‑introduction of a fuel subsidy for August, focusing on diesel to protect the supply chain, and is also considering reviving a "Fuel Pass" scheme.

Finance Ministry spokesperson Omirios Tsapalos said the state has about €200 million from the 2025 surplus that could be used to support citizens. Past interventions were triggered when Brent crude topped $100 a barrel; Brent is again at that level, driving the price surge. Final decisions on the subsidy package are expected in August and will target freelancers, small‑medium enterprises and pensioners.

The potential measures aim to offset the inflationary pressure from the fuel price spike, which has been linked to tensions in the Middle East and a reduction in Russian diesel exports.