Greece’s fuel market remains under pressure, keeping gasoline and diesel prices at elevated levels despite recent fluctuations in global oil markets.
The market is being squeezed by a rebound in international oil prices linked to renewed hostilities involving Iran and by Russia’s decision to halt diesel exports until at least July 31 to prioritize domestic supply after attacks on its refineries.
At the same time, the start of the tourism season has boosted gasoline demand while inventories remain low.
The government has announced a temporary reduction of 10 euro cents per liter for gasoline and 5 cents per liter for diesel, financed by refineries and expected to remain in effect through August 31.
However, continued price increases could limit the benefit for consumers. After falling below pre-conflict levels in early July, Brent crude resumed its upward trend, reaching $79.45 per barrel on Monday afternoon.
