Greek Consumers Paid Over €400 Million More for Fuel Amid Iran Conflict

Greek consumers faced much than €400 cardinal successful other substance costs successful March and April, arsenic the Iran struggle drove up gasoline, diesel and heating lipid prices. Credit: Alexandros Beltes / AMNA

Greek consumers paid much than €400 cardinal ($469 million) successful further substance costs for gasoline, diesel and heating lipid during the archetypal 2 months of the struggle successful Iran, arsenic higher planetary lipid prices pushed pump prices sharply upward.

The summation has raised caller interest successful the home substance market, particularly arsenic the fragile ceasefire successful the Middle East remains astatine a captious constituent and planetary lipid prices proceed to determination steadily supra $110 per barrel.

Fuel terms hikes for Greek consumers besides boosted authorities coffers

While households and businesses faced a heavier substance bill, the authorities besides collected higher revenues. Surplus taxation gross linked to higher substance prices exceeded €90 cardinal successful March and April combined.

That magnitude falls lone €15 cardinal ($17,6 million) abbreviated of the full nationalist outgo of the two-month diesel subsidy, which stood astatine 20 cents per liter for April and May.

March outgo consumers up to €185 cardinal more

In March, consumers successful Greece paid an estimated €170 cardinal ($199 million) to €185 cardinal ($217 million) much for substance than they would person paid astatine prices recorded earlier the commencement of the warfare successful Iran.

Fuel trading companies made the estimates based connected authoritative depletion information from the Ministry of Environment and Energy for gasoline, diesel and heating oil.

Surplus gross from substance depletion taxation successful March reached an estimated €35 cardinal ($41 million) to €38 cardinal ($44 million).

Motor substance consumption, including gasoline and diesel, remained astir unchanged compared with March 2025, signaling a marginal summation of 0.7%. Heating lipid formed the exception, with income rising 8.5% twelvemonth implicit year. The summation suggests that consumers, fearing further terms hikes, moved aboriginal to banal up for the adjacent wintertime season.

April added astatine slightest €250 cardinal to the substance burden

In April, utilizing 2025 depletion arsenic the notation point, higher fuel prices added astatine slightest €250 cardinal ($293 million) to €260 cardinal ($305 million) to consumers’ costs.

The Ministry of National Economy and Finance is expected to denote authoritative April depletion information connected May 20. However, unofficial income information from substance trading companies points to accrued depletion during the month.

The authorities collected an estimated €54 cardinal ($63 million) successful surplus gross successful April.

Greek Consumers saw substance prices for gasoline and diesel emergence sharply

At the pump, gasoline roseate from €1.75 ($2.05) per liter 1 time earlier the warfare successful Iran to €2.06 ($2.41) per liter past Friday, marking an summation of 18.1%.

Diesel besides climbed significantly, rising from €1.56 ($1.83) per liter to €1.88 ($2.20) per liter implicit the aforesaid period.