The government’s €0.15-per-litre subsidy on diesel fuel at the pump is not expected to be extended beyond its scheduled end date — Wednesday, 1 July — as international oil prices have fallen back to pre-war levels. While no official announcement has yet been made, market sources indicate the support measure will conclude as planned, alongside the existing cap on wholesale margins for liquid fuels.
What’s Driving the Change?
Greek fuel prices are heavily influenced by the Brent crude oil benchmark, the primary feedstock for refineries. The Brent index has dropped to around $73 per barrel — nearly matching levels seen on 28 February 2026, just before the outbreak of the U.S.-Israel conflict with Iran. This decline has triggered a downward trend in domestic fuel prices, though they have not yet returned fully to pre-conflict levels.
Diesel has seen a sharper drop than unleaded gasoline, partly due to the ongoing subsidy. In contrast, gasoline prices — affected both by demand dynamics and the euro-to-dollar exchange rate — have softened more gradually.
Current Prices (as of 25 June 2026)
According to data from Greece’s Liquid Fuels Price Observatory:
- Unleaded gasoline averaged €1.92 per litre — up from €1.75 on the day the conflict began.
- Subsidised diesel averaged €1.61 per litre — down from €1.56 on that same day.
Market analysts note that if global oil prices continue falling, refinery gate prices for both diesel and gasoline are likely to follow — though the impact on retail prices may take time to materialise.
What Drivers Should Know
With the subsidy set to expire on 1 July, diesel drivers should consider filling up their tanks before then — especially if they anticipate higher costs in the coming days. A noticeable price increase at the pump is expected starting Wednesday, assuming the government proceeds as indicated.