Greece cuts gasoline and diesel prices amid regional tensions

Greece has initiated fuel price reductions, with gasoline prices decreasing by 10 cents per liter and diesel by 5 cents, effective immediately. The government announced this intervention as a measure to cushion consumers from rising fuel costs, particularly in light of concerning regional developments and damage to refineries in the Middle East and Russia.

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The two refineries made an offer of 20 plus 20 million euros, and we asked them to use it, as part of their commercial policy, for reductions in the prices of regular unleaded gasoline and diesel fuel.

Deputy Prime Minister Kostis Hatzidakis explained that the move was prompted by offers from two refineries totaling 40 million euros, which were directed towards reducing the prices of unleaded gasoline and diesel. He stressed that this intervention preceded a potential worsening of the situation due to escalating tensions in the Persian Gulf and damage to regional refining facilities.

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The intervention occurred before things worsened due to the worrying developments in the Gulf and the damage suffered by refineries in the region, as well as in Russia.

Hatzidakis also took the opportunity to criticize the opposition parties, describing their political landscape as a "very sad scene" characterized by toxic infighting. He noted the opposition's stated unwillingness to cooperate with the ruling New Democracy party or among themselves, arguing that such a climate hinders optimism for collaboration. The Deputy Prime Minister advocated for "clear solutions and clear accounts" in politics, emphasizing that Greece needs political stability and effective governance, which he believes is best achieved through a strong, single-party majority.

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a very sad scene, a civil war of mudslinging with toxicity and hostility.