Unleaded gasoline prices in Greece have remained virtually unchanged, underscoring a notable disconnect with international oil markets. While the Brent crude benchmark has fallen back to around $72 per barrel—nearly matching levels seen on February 28, 2026, just before the outbreak of the U.S.-Israel conflict with Iran—domestic fuel pricing has not followed suit.
Diesel Prices Fall Faster—But With Government Support
In contrast to gasoline, diesel (heating oil for transport) has seen an accelerated decline in retail prices. This trend is partly driven by a government subsidy applied at the refinery level, which lowers wholesale costs and filters down to consumers. However, this support measure is set to expire as scheduled on July 1, 2026—alongside the existing cap on profit margins for liquid fuels. Market participants expect the end of the diesel subsidy to trigger immediate price increases at the pump.
Current Price Snapshot
According to updated data from Greece’s Liquid Fuels Price Observatory:
- Unleaded gasoline averaged €1.92 per liter on June 28, 2026—nearly identical to €1.923 on June 25.
- Subsidized diesel stood at €1.60 per liter on June 28, down from €1.615 on June 25—following a more pronounced earlier drop.
The stability in gasoline pricing stands out, especially given the broader downward movement in global crude benchmarks and diesel prices. Analysts note that this divergence highlights structural factors—including taxation, distribution costs, and market dynamics—that insulate domestic gasoline prices from short-term swings in international oil markets.