[REVISION HISTORY]

Greece diesel subsidies and ferry aid amid high oil prices

Updated 11 times since CLSTR started tracking revisions of this situation.

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2026-08-03 08:46 UTC → 2026-08-03 13:17 UTC · added ~~removed~~

The Greek government has continued ~~its effort~~ to ~~cushion~~ mitigate transport costs ~~amid volatile~~ as international oil ~~markets.~~ markets remain volatile. After a the 15‑cent‑per‑litre diesel subsidy ~~that~~ ended on 1 July, retail diesel ~~prices~~ rose ~~modestly by four euro‑cents to €1.648 per litre, indicating that most of the anticipated increase was absorbed before reaching consumers. On 31 July, officials announced~~ only modestly, and a ~~new~~ temporary €0.10‑per‑litre diesel subsidy for ~~August, adding a €0.10‑per‑litre state contribution to~~ August was introduced, bringing the ~~existing €0.05 refinery discount, for a~~ total ~~€0.15~~ reduction ~~per litre. The programme runs from 1 August~~ to ~~31 August, with an estimated~~ €0.15 per litre at a fiscal cost of ~~€29‑30 million and no comparable gasoline support.~~ about €30 million. In parallel, ~~the Ministry of Shipping and Island Policy confirmed~~ a €60 million liquidity package for ferry ~~operators, designed~~ operators was set up to reimburse revenue losses from mandatory social fare ~~discounts as Marine Gas Oil prices surge. The scheme, to be paid in stages after ticket‑data verification, aims~~ discounts, aiming to keep passenger fares stable ~~and preserve essential island connectivity~~ during the summer ~~peak season.~~ peak. In late July, Deputy Prime Minister Kostis Khatzidakis announced that the state has earmarked €800 million for fuel‑price relief, with an additional €200 million reserved for further support if needed. The government is reviewing options such as a fuel‑pass scheme or direct pump subsidies, while refinery operators have agreed to keep diesel prices lowered through the end of August. Khatzidakis cited Brent crude climbing from $71 to $91 per barrel and supply disruptions in the Persian Gulf and a Russian diesel export ban as drivers of the price surge. In early August, Shipping and Island Policy Minister Vasilis Kikilias defended the state‑mandated social discounts for ferry passengers, emphasizing that reimbursements cover only the verified cost of the discounts and do not subsidise ferry operators’ profits. He said the measure is essential to keep fares affordable amid rising fuel costs, while opposition parties have called for greater transparency on the total reimbursements.

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