Greek fuel prices unlikely to drop below 1.80 euros this summer, retailers say

Greek fuel retailers report that international price decreases are beginning to be reflected in the domestic market, albeit with a delay of three to four days. As of Thursday, June 18, the average price for unleaded gasoline stands at 1.98 euros per liter, while diesel fuel is priced at 1.71 euros.

Industry professionals anticipate that this downward trend will continue in the coming weeks. However, they predict that summer prices for unleaded gasoline will likely fluctuate between 1.80 and 1.90 euros per liter. Despite stabilization in the international oil market, conditions have not yet allowed a return to pre-war price levels.

Retailers emphasize that the resumption of commercial flows through the Strait of Hormuz will play a crucial role. Normalized shipping is expected to increase the volume of goods transported by trucks and trains, subsequently boosting demand for fuel. This heightened demand, driven by increased transportation activity, is anticipated to moderate the price reductions at the pump, even if international oil prices continue to fall. Consequently, consumers are unlikely to see gasoline prices drop below 1.80 euros per liter this summer.