Unleaded gasoline prices in Greece have broken through the €2 per litre barrier in 20% of the country's prefectures, marking a significant escalation in consumer fuel costs.
The price surge is driven by a sustained rally in international crude oil markets, which has dragged up the valuations of downstream derivatives and pushed retail prices higher across the region.
The surge in fuel costs mirrors broader trends seen in the European Union, where diesel and gasoline prices jumped significantly in May, with diesel up 29% and gasoline rising 16% year-on-year.
Industry observers expect the upward trajectory to continue over the coming days, with diesel prices also facing imminent increases.
This development underscores the direct transmission of global energy shocks to local economies.
While Brent crude had retreated to pre-war lows earlier in July as shipping routes through the Strait of Hormuz normalized, the recent rebound in benchmark prices has reversed that relief for consumers.
The surge in fuel costs mirrors broader trends seen in the European Union, where diesel and gasoline prices jumped significantly in May, with diesel up 29% and gasoline rising 16% year-on-year.