[REVISION HISTORY]

Greek fuel prices rise as Brent crude exceeds 100 dollars

Updated 19 times since CLSTR started tracking revisions of this situation.

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2026-09-09 05:42 UTC → 2026-09-12 09:03 UTC · added ~~removed~~

Greek fuel prices ~~exceed 2 euros amid subsidy efforts~~ rise as Brent crude exceeds 100 dollars

Greece continues to face economic pressure as fuel prices ~~for both unleaded gasoline and diesel~~ remain ~~above the 2-euro per liter threshold. To~~ high. While previous interventions included diesel subsidies to mitigate ~~the impact of high international prices, the Greek Ministry of National Economy and Finance extended the~~ costs, recent data shows diesel subsidy through September. This subsidy provides a reduction of 10 cents per liter (8 cents plus VAT), costing an estimated 30 million euros for the month. Since April, the total fiscal cost of this program has reached 211 million euros. Despite these interventions and voluntary discounts from major refineries like HELLENiQ ENERGY and Motor Oil, domestic retail prices have ~~climbed. By early September, the average price for regular unleaded gasoline rose~~ risen to ~~2.059~~ approximately 2.06 euros per liter, ~~while diesel increased from 1.95 euros~~ marking a 34% increase compared to ~~2.039 euros per liter. In Thessaloniki, regular unleaded reached 2.088 euros per liter. These domestic increases coincide with rising global oil prices, with~~ September of the previous year. This surge is driven by Brent crude ~~trading near 99~~ prices exceeding 100 dollars per ~~barrel on September 8, a six-week high. Market volatility is linked~~ barrel. According to ~~developments~~ ELSTAT, diesel prices rose by 30.6% in ~~the Strait of Hormuz and geopolitical tensions involving~~ August compared to the ~~US, Iran,~~ previous year, while gasoline increased by 15.3% and ~~Oman. Additionally, energy security concerns are mounting as EU~~ natural gas ~~storage levels sit at 66.5%,~~ spiked by 40.2%. These rising energy and transport costs have contributed to an acceleration in general inflation, which rose to 3.8% from 3.4% in July. The economic impact on the transport sector is ~~below~~ substantial. For a single heavy truck traveling 10,000 kilometers per month, fuel costs have increased from 4,620 euros to 6,180 euros, an additional 1,560 euros monthly. For a small transport company operating five such vehicles, the ~~seasonal average, further pressuring household budgets~~ annual burden could exceed 93,000 euros. Because fuel accounts for roughly one-third of annual operating costs for road transport ~~and heating.~~ companies, a 34% increase in fuel prices can raise total operating costs by more than 11%.

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