Economy · Greece
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1 July
Fuel retail rates have almost returned to prewar levels.
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Recent reports indicate that fuel prices in Greece have nearly returned to pre-war levels, particularly in light of declining international oil prices. The president of the Hellenic Petroleum Company Association, Yiannis Aligizakis, noted that this decline came after a four-day lag in price adjustments at gas stations.
Data shows that fuel prices are approaching the levels seen before the onset of the Iran crisis, driven by reductions in both international and wholesale markets. Government subsidies for diesel fuel, which were implemented in April, have played a significant role in moderating price increases. Over the past four months, gasoline prices have risen by 26.4% while diesel prices have increased by 18%.
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