Fuel prices in Greece are surging, with both unleaded gasoline and diesel nearing the symbolic €2-per-liter mark — a development driven by escalating tensions in the Iran conflict. The sharp rise is placing mounting pressure on households and businesses, prompting the government to consider new relief measures.
Prices Climb Despite Recent Discounts
As of 22 July 2026, the national average price for regular unleaded gasoline stands at €1.988 per liter, while diesel (petrol oil for road use) averages €1.981 per liter. That represents a roughly 3% increase for gasoline and over 20.7% for diesel compared to just one month earlier.
These hikes come despite voluntary discounts introduced by refineries on 14 July 2026 — 10 cents per liter for gasoline and 5 cents for diesel — implemented in coordination with the government. The fact that prices continue rising even after these cuts underscores the strength of upward pressure from global markets.
Global Market Pressures Mount
The situation is worsening as hostilities in Iran persist. On Thursday, Brent crude surged to a six-week high, surpassing $96 per barrel. This rally has triggered continuous pump-price adjustments across Greece: just two days earlier, on Monday, the average price for unleaded gasoline was €1.977 per liter — up from €1.950 for diesel on the same date, according to the Independent Authority for Market Surveillance and Consumer Protection’s latest liquid fuels report.
Government Considers Targeted Support
Vice Prime Minister Kostis Hatzidakis confirmed on SKAI TV that the government is reviewing options for additional support, with particular focus on diesel. “Within the limits of our budget, economic capacity, and EU fiscal rules, we’re examining the fuel issue holistically,” he said. “Diesel will be our priority — not only because it affects mobility costs, but also because it drives production and logistics expenses across the economy.”
Hatzidakis also revealed that €200 million remains available from the broader €800 million already allocated this year to mitigate the impact of the energy crisis. “We’ve set money aside and won’t stand idle. Since the start of the year, €800 million has been deployed — and around €200 million remains unspent,” he stated.
Beyond potential diesel price interventions, the government is reportedly weighing renewed agreements with refiners to deepen discounts on both gasoline and diesel — especially if international pressures continue.