Fuel prices in Greece have surged dramatically in just one week, with the cost of gasoline exceeding €2 per litre in several regions and heating oil hitting households with significantly higher bills. The sharp rise comes as global oil prices climb, directly affecting local pump prices.
Recent Fuel Price Trends
Between February 27 and March 5, average nationwide prices increased notably:
- Gasoline: +3.7 cents/litre (+2.11%)
- Diesel for vehicles: +9.2 cents/litre (+5.9%)
- Heating oil: +10.4 cents/litre (+8.8%)
The most expensive gasoline stations were reported on islands such as Milos (€2.35/litre), Kythnos (€2.24), and Santorini (€2.18). In the Athens region, prices approach €2, with Paiania at €1.975/litre and Kallithea at €1.927/litre.
Heating oil has also seen steep increases. A typical order of 1,000 litres jumped from €1,179 on February 27 to €1,283 by March 5, a rise of €104. Cold regions like Ioannina (€1.48/litre) and Kastoria (€1.47/litre) are particularly affected.
Government Response: Fuel Pass and Support Measures
To ease the burden on households and businesses, the Greek government is preparing a package of interventions, which may include:
- Fuel Pass: Direct support for consumers facing high fuel costs
- Profit Caps: Limiting the maximum margins retailers can charge
- Market Pass: Targeted aid for vulnerable households
- Energy Bill Subsidies: Support for households and energy-intensive businesses
These measures aim to mitigate the impact of rising global energy prices on everyday expenses, especially as colder months continue to drive heating demand.
