Fuel prices in Greece have recently returned to near pre-crisis levels, following a broader decline in international oil prices—and, subsequently, in refinery, wholesale, and retail prices at service stations. While global prices are falling, the pass-through to retail consumers—especially for gasoline—takes time to become visible.
Subsidy Played Key Role for Diesel
A major factor behind diesel price stability has been the government subsidy introduced in April, which has been gradually reduced in line with falling global prices.
Price Trends Over the Past Four Months
According to data presented yesterday (30 June 2026) by Giannis Aligizakis, President of the Association of Petroleum Companies, over the four-month period since the start of the war—from 27 February to 26 June:
- International gasoline prices rose by 26.4%, while diesel prices increased by 18%.
- Refinery gate prices rose by 12.1% for gasoline and 2% for diesel.
- Retail prices in Attica rose by 9.3% for gasoline and 1.8% for diesel.
Aligizakis noted that reductions in international prices typically take around four days to reflect at the pump—the approximate time needed for service stations to replenish their stocks. He also described the diesel subsidy as highly effective, helping to contain price hikes that would otherwise have had secondary effects across production and transport costs—and, ultimately, on inflation.
Recent Price Corrections
Compared to wartime peaks, average gasoline prices have dropped by about €0.20 per litre, while diesel prices have fallen by more than €0.40 per litre.