Fuel prices in Greece are rising sharply as the ongoing conflict in the Middle East affects global oil markets, pushing gasoline costs higher across the country.
Within just one week, fuel prices increased by as much as 10 cents per liter. The national average price of unleaded gasoline has climbed to nearly €1.79 per liter, reflecting broader volatility in international energy markets linked to the war involving Iran.
The increases are even more pronounced on several Greek islands, where gasoline prices have already reached or exceeded €2 per liter on average. In the Cyclades island group, the average price has reached about €2 per liter, with some gas stations reporting prices between €2.00 and €2.35 per liter in islands such as Milos, Paros, Ios, Naxos, Andros, Santorini, Mykonos, and others.
In the nearby Dodecanese islands, average gasoline prices are slightly lower but still elevated, reaching around €1.92 per liter, with some stations charging between €2.02 and €2.19 per liter.
While the conflict in the Middle East has contributed to the recent increases, market conditions specific to island regions also play a major role in shaping prices. These include limited competition among fuel suppliers, higher transportation costs for shipping fuel by tanker, a lack of storage infrastructure, and lower fuel demand outside the peak tourism season.
Authorities have also noted that occasional speculative pricing during the summer months can keep fuel costs high despite increased consumption.
Source: tovima.com
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