Fuel prices in Greece are rising as tensions in the Middle East continue to disrupt global energy markets, prompting drivers across the country to rush to gas stations in anticipation of further increases.
Gasoline prices at the pump have already climbed by nearly €0.02 per liter in recent days, with additional increases expected before the end of the week. Market data shows the average price of unleaded gasoline nationwide rose from €1.754 per liter yesterday to €1.757 per liter today and could reach €1.80 per liter in the coming days.
In Thessaloniki, the average gasoline price currently stands at about €1.73 per liter. For drivers, the increases are already noticeable. Filling a standard fuel tank currently costs around €105, and if the average price reaches €1.80 per liter, the cost of a full tank could rise to about €108.
Drivers rush to fuel up
The rising prices have triggered increased activity at gas stations across the country, with many drivers choosing to fill their tanks early to avoid paying more later.
Some consumers said they rushed to refuel to save even a few euros before prices rise further.
At the same time, authorities are carrying out market inspections to prevent potential price gouging.
Government and industry meeting
Amid growing concerns, Greece’s energy ministry held an emergency meeting with representatives from the oil, natural gas, and electricity sectors. The discussion focused on the potential impact of the Middle East conflict on energy markets and fuel prices.
The broader economic consequences of the war were also discussed at a meeting involving key European officials, including the president of the Eurogroup, the president of the European Central Bank, the European Commission, and the European Council.
Prices already rising sharply
Since the start of the conflict, the price of unleaded gasoline in Greece has increased by an average of 13% nationwide. Over the past month, the increase has reached approximately 23%.
Some gas stations in Athens and Patras reportedly closed earlier than usual recently after running out of fuel supplies.
Despite the surge in demand, market representatives say the situation remains under control for now, stressing that food and fuel supplies are currently sufficient.
Possible price scenarios
Industry estimates outline three potential scenarios depending on global oil prices.
If oil prices remain around $80 per barrel, gasoline could rise to between €1.80 and €1.90 per liter, diesel to €1.60–€1.70 per liter, and heating oil to €1.20–€1.30 per liter.
If oil climbs to $100 per barrel, gasoline could reach €2.10–€2.20 per liter, diesel €1.90–€2.00 per liter, and heating oil €1.40–€1.50 per liter.
In a worst-case scenario where oil prices reach $140 per barrel, gasoline could rise to €2.40–€2.50 per liter, diesel to €2.20–€2.30 per liter, and heating oil to €1.80–€1.90 per liter.
Concerns over broader price increases
Some consumers also fear that higher fuel costs could drive up food prices, as transportation costs rise.
Supermarkets in Thessaloniki have already reported increased demand for basic goods such as bottled water, milk, rice, and pasta. Major supermarket chains in Athens have also seen slightly higher customer traffic compared with the previous week.
As the conflict continues, both consumers and businesses in Greece are closely monitoring fuel prices and preparing for possible further increases in the coming days.
