Greek government subsidy pushes fuel prices toward €2 per litre

The Greek government has introduced an additional state subsidy on motor fuel, adding 10 cents per litre to the existing discount. Prime Minister Kyriakos Mitsotakis announced that the total reduction will reach 15 cents per litre and will remain in force until the end of August. The measure aims to bring the average retail price of gasoline below €2 per litre and diesel around €2.02 per litre.

Internationally, Brent crude fell more than 5 % to under $84 a barrel after the U.S. president signaled a restart of peace talks that could affect oil‑shipping routes through the Strait of Hormuz. The drop in global oil prices is expected to reinforce the impact of the subsidy, though price changes will not appear simultaneously at all stations because retailers hold different fuel inventories. Urban centres are likely to see the lower pump price first, while remote islands and peripheral areas may experience the reduction later.

The subsidy is intended to ease transport costs for businesses and households, mitigating the recent surge in fuel prices that followed a month‑long period of sharp increases.