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Diesel prices to drop by 15 cents per liter with new subsidy in Greece
🇬🇷 Greece /Economy & Trade

Diesel prices to drop by 15 cents per liter with new subsidy in Greece

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Greece is implementing a 15-cent per liter subsidy on diesel fuel to reduce costs for professionals and businesses.
  • This measure, combining state aid and a refinery discount, aims to lower prices at the pump throughout August.
  • The average diesel price is expected to drop below 1.90 euros per liter, though international market fluctuations will still impact final costs.

Greece is set to introduce a 15-cent per liter subsidy on diesel fuel, a move designed to alleviate the financial burden on professionals, transport sectors, and businesses. This initiative combines a 10-cent state subsidy with an additional 5-cent discount from refineries.

The measure is anticipated to result in lower diesel prices at the pump for the entirety of August. Current estimates suggest the average price for diesel could fall below 1.90 euros per liter. For example, in Attica, the price is projected to be around 1.8986 euros per liter.

However, officials caution that final prices will continue to be influenced by daily international oil market fluctuations and wholesale refinery prices. In regions like the Cyclades, where diesel prices have exceeded 2 euros per liter, the subsidized price is expected to be slightly above 2.05 euros per liter.

DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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