The government is on heightened alert for the effects of the conflicts, with fears of rising inflation from price increases in fuel and food—the “red lines” of energy risk.
Greek political parties debate the rising cost of living amid the Middle East conflict, with opposition urging immediate support for households and businesses, while the government pledges regulatory measures and stricter market oversight
Energy Minister Stavros Papastavrou warns the Middle East war is already pushing up fuel prices in Greece, says intervention could come if oil hits $100 a barrel and notes the country holds more than 90 days of reserves.
Gasoline prices in Greece have surged amid the Middle East conflict, with average costs approaching €1.79 per liter nationwide and exceeding €2 in several islands due to higher transport costs, limited competition, and local market factors
Gas station owners in Greece warn that additional price adjustments are expected in the coming days.