Fuel prices in the Greek market have stabilized, with a slight downward trend, while the need for continued subsidies remains, according to Michalis Kiouzis, president of the Hellenic Federation of Gas Station Owners.
As market data shows, the average price of unleaded gasoline stands at approximately 2.13 euros per liter, compared to 1.75 euros before the war began. In remote areas, prices are even exceeding 2.20 euros. Similarly, diesel is hovering around 1.82 euros per liter, representing an increase of about 26 cents compared to pre-war levels.
According to Michalis Kiouzis, the rise in prices follows with a delay the trend of crude oil, which is currently trading around $105 per barrel, having even reached $120 in the recent past. As he explained, “there is a time lag in the supply chain; changes in international prices do not translate immediately.”
However, he noted that diesel fuel shows greater resilience compared to gasoline. He specifically emphasized that “it takes longer to rise, and this is positive because it affects the real economy.”
The president made special mention of government intervention, noting that the 20-cent subsidy on diesel is crucial, as without it the price would have already exceeded 2 euros per liter. At the same time, he called for the measure to be extended through June, given that crude oil prices have stabilized at high levels.
He also proposed a blanket subsidy for gasoline following the expiration of the fuel pass. He noted, in fact, that such a measure would be “more socially just” and would bolster the market.
Regarding the outlook, he estimated that no significant increases are expected in the near future, with prices remaining at current levels or recording small decreases of around one cent. “The only certainty is that we won’t see any increases next week, ” he noted.
Finally, he emphasized that the easing of prices depends directly on geopolitical developments. He also added that even if the conflicts were to end immediately, a return to lower price levels would not be immediate.
Source: ertnews.gr