Greek Prime Minister Mitsotakis Announces Fuel Price Cut

On 10 July 2026 Prime Minister Kyriakos Mitsotakis told parliament that the government will lower the retail price of gasoline by 10 cents per litre and diesel by 5 cents per litre, with the measure in force until the end of August. The cut is financed by a €40 million contribution from the two domestic refiners Helleniq Energy and Motor Oil, meaning no direct budget outlay.

The government says the relief will save households roughly €5 per 50‑litre gasoline fill and €2.5 per 50‑litre diesel fill, offsetting the recent rise in international oil prices caused by heightened tensions in the Strait of Hormuz and supply disruptions elsewhere. The announcement follows earlier subsidies and fuel‑pass schemes, and comes amid criticism from opposition leaders who accuse the ruling New Democracy party of favouring large commercial interests.

Opposition figures, including PASOK leader Nikos Androulaki, questioned the cost‑effectiveness of the cut and demanded broader measures to tackle the overall cost‑of‑living pressure. Government officials, such as Deputy Prime Minister Kostas Chatzidakis, emphasised that the €40 million support from the refiners allows the price reduction without adding to public debt, and that further fiscal space remains for additional summer‑time aid.