Greek government cuts gasoline by 10 cents and diesel by 5 cents per litre through €40 million refinery funding

Deputy Prime Minister Kostis Chatzidakis announced that the Greek government will reduce retail fuel prices until the end of August. A contribution of €40 million from the two leading Greek refiners, Helleniq Energy and Motor Oil, will underwrite a €0.10‑per‑litre cut for unleaded gasoline and a €0.05‑per‑litre cut for diesel.

The measure comes amid ongoing volatility in international oil markets after disruptions in the Middle East and reduced Russian diesel exports. The government says the intervention will keep consumer prices lower than they would be without the subsidy, and it will not create a direct fiscal cost for the state.