Greece has Europe's 6th-highest gas prices but its lowest wages among them — 50L costs 7.2% of a monthly salary vs. 2.15% in Denmark.
Heating oil could cost up to 70% more than last year when sales begin Oct. 15, while gasoline, diesel and natural gas prices are also putting increasing pressure on households
With energy prices surging, the government is holding another round of high level meetings, but officials say today's session is being framed as just a stock taking exercise, deferring any decisions until after this week's EU finance talks
A renewed spike in global oil prices, driven by escalating tension between the United States and Iran, has pushed consumer prices in Greece up 3.8 percent and prompted the European Central Bank to raise interest rates
The physical market is losing some of the buffers that helped absorb the initial supply shock
Fuel prices are rising again in Greece, with higher transport costs already feeding through to prices on supermarket shelves
Brent crude climbed above $91 a barrel as tensions in the Middle East threaten energy flows, while European natural gas topped €70 per megawatt-hour amid low storage levels and LNG competition with Asia.
With the national average for unleaded gasoline already above €2 per liter, fuel retailers warn that prices could climb further if crude oil reaches $100 a barrel
Fuel pumps became the clearest sign of the economic pressure on Greek households this summer, reshaping travel plans and spending habits
Travelers already facing high ferry, accommodation and food costs are paying a further premium at the pump, with gasoline and diesel prices remaining particularly high across popular Greek island destinations
The government will fund an additional reduction in diesel prices as part of measures aimed at easing pressure on consumers and businesses affected by rising energy costs
A new survey shows that more than eight in 10 people remain concerned about the rising cost of living, with food prices topping the list of financial pressures and many scaling back summer holiday plans
Fuel prices and lubricants prices used in personal transport rose 13.7% year-on-year across the bloc in June
Rising global energy prices are pushing petrol, diesel and natural gas costs higher in Greece, with fuel exceeding €2 per litre in several regions despite efforts to curb increases.
Eligible recipients in Greece have until the end of July to use the balance on their Fuel Pass digital card. Any unused funds will be returned to the state once the deadline passes.
Discounts on gasoline and diesel have begun at Greek fuel stations after refiners lowered wholesale prices, with the government saying the move aims to ease pressure from rising global energy risks.
The government’s temporary intervention aims to lower gasoline and diesel prices this summer, but market experts warn that high taxes and global uncertainty may limit the relief for consumers
HELLENiQ ENERGY and Motor Oil will each contribute €20 million to fund a 10-cent cut on gasoline and 5 cents on diesel through the end of August, though consumers may see less if international prices rise before the measure takes effect
If it isn't just the war driving prices, what is? The answer runs through refining capacity, fuel taxes and a strained global market, not the price of crude alone
Government spokesperson Pavlos Marinakis said falling oil costs should quickly be reflected at fuel pumps, while outlining measures on consumer protection, inflation and economic policy