Fuel Prices Bite: Gasoline Above 2 Euros Per Liter Across Greece, De-escalation Expected

Gasoline prices in Greece continue to strain household budgets, with the average price for unleaded 95 octane gasoline exceeding 2 euros per liter on August 23, 2026. The national weighted average stood at 2.024 euros, while 100 octane gasoline reached 2.269 euros. Diesel fuel averaged 2.035 euros per liter, and autogas was priced at 0.959 euros.

Significant price disparities exist across regions, with island areas facing the steepest costs. The Cyclades recorded an average of 2.271 euros for 95 octane, followed by the Dodecanese at 2.151 euros. Other islands like Kefalonia, Lefkada, and Lesvos also reported prices above 2.10 euros.

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The price of a barrel moved from around 88 dollars to 92 dollars, reaching even 94 dollars.

Conversely, lower prices were observed in areas such as Imathia (1.987 euros), Boeotia (1.991 euros), and Florina (1.992 euros). Athens saw an average of 2.000 euros, and Thessaloniki 2.003 euros.

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Although a retreat in international prices is now recorded, this development has not yet passed to the pump.

Former president of the Panhellenic Federation of Petrol Station Owners, Giorgos Asmatoglou, explained that the current price hikes are a consequence of rising international oil prices, which climbed from around $88 to $94 per barrel. Although global prices have since retreated, this has not yet reflected at the pump due to a time lag.

Asmatoglou anticipates that fuel prices will continue to rise until mid-week, but expects a gradual decrease thereafter if international markets continue their downward trend. He also noted that drivers are reducing fuel consumption by limiting travel, impacting sales and potentially tax revenues.

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If, however, the fall in international markets continues, a gradual de-escalation in the price of gasoline is expected.