For at least six months, fuel prices are expected to continue rising, with gasoline not expected to easily fall below two euros, while diesel prices will also trend upward. The impact on consumer goods prices is likely to last longer and may persist for more than a year.
Fuel prices: Gasoline unlikely to drop below two euros
Greek households will need to wait at least six months before seeing fuel price declines, according to market experts’ warnings. Gasoline will not easily fall below two euros, diesel will continue to rise, while consumer goods prices may require more than a year to show reductions. All this while Brent crude continues its upward trajectory, approaching $118 per barrel.
Former president of the Panhellenic Federation of Fuel Station Owners, George Asmatoglou, was not particularly optimistic regarding fuel prices. Speaking to ERT, he estimated that it will take at least six months for prices to fall to pre-Middle East war levels. “It will take more than six months to see oil prices like those before the war,” Asmatoglou told ERT, adding that “we must realize that we’ll hardly see gasoline below 2 euros.” He also noted that regular unleaded may soon exceed 2.15 euros per liter.
Regarding diesel, the former president of the Panhellenic Federation of Fuel Station Owners estimated it will exceed 1.85 euros in urban centers, while in peripheral areas it could reach 1.95 or even 1.97 euros.
Longer duration for consumer goods price decline
George Asmatoglou, referring to the impact on consumer goods, warned that effects will last longer, noting that for price decline to occur “it will take more than a year.”
