Fuel prices continue their upward trajectory, with escalating tensions in the Persian Gulf adding further pressure to international oil markets. The national average price of unleaded gasoline in Greece has now surpassed €2.11 per liter, marking a rise of nearly 13 cents within a single month. Diesel has similarly climbed to €2.07 per liter, approximately 8 cents more expensive compared to the previous month. The increased burden is felt daily by commuters, with many drivers cutting back on car use in an attempt to cope with the rising costs.
Read also: Fuel prices: Gasoline breaks €2 mark as Brent crude hits $100 per barrel (Video)
Fuel station operators believe the upward trend is far from over, as Brent crude has surpassed $105 per barrel. At the refinery wholesale level, prices currently stand at €1.57 per liter for unleaded gasoline and €1.50 per liter for diesel, excluding VAT.
Based on current international market conditions, industry professionals are forecasting a further increase of 3–4 cents per liter in the coming days for both gasoline and diesel.
Growing concern over heating oil as winter approaches
Particular concern is mounting over the trajectory of heating oil prices ahead of the winter season, now approximately one month away. Estimates suggest the price could reach as high as €1.90 per liter — a stark contrast to the same period last year, when it hovered around €1.10 per liter.
Faced with the risk of a significant financial burden on households, the government is exploring support measures, which will depend on how developments on the various conflict fronts unfold.
Currently under consideration by the economic policy team are: an extension of the existing diesel subsidy, an expanded heating oil support scheme, and incentives to encourage the use of electricity instead of oil or natural gas for residential heating.
