Fuel prices continue to weigh heavily on Greek households—and this pressure is expected to persist for at least another six months. In particular, gasoline is not forecast to fall below €2 per litre, even as Brent crude oil surges toward $110 per barrel on international markets.
‘Pre-war’ fuel prices unlikely before mid-2027
George Asmatoglou, former president of the Panhellenic Federation of Fuel Station Operators, expressed deep pessimism about near-term fuel price trends—especially for gasoline. He estimated it will take at least six months before prices return to pre-war levels.
“It will take more than six months before we see diesel prices at pre-war levels,” Asmatoglou told ERT, adding: “We must realise that gasoline is unlikely to drop below €2.” He warned that regular unleaded could soon exceed €2.15 per litre.
Broader inflationary impact to last over a year
Asmatoglou also cautioned that the ripple effects on consumer goods will linger even longer—requiring over a year before any meaningful easing becomes visible.
Regarding diesel, he projected prices would surpass €1.85 per litre in urban centres, and could reach €1.95 or even €1.97 in regional areas.
On Friday, 15 May 2026, Brent crude futures rose above $106–$107 per barrel—marking a weekly gain of more than 5%.