Greece raises diesel discount as refiner extends fuel price cuts to October 14

Athens, Greece. Greece will raise its state discount on diesel fuel, while Helleniq Energy will extend its gasoline and diesel discounts until October 14. The measures are intended to ease the impact of rising fuel costs on households and businesses.

Fuel discounts

Helleniq Energy, Greece’s biggest oil refiner, said it will continue offering discounts of €0.0795 per litre on unleaded gasoline and €0.0405 per litre on diesel. Both discounts have been in place since July 14.

The discounts are part of aid offered by the state and Greece’s two biggest oil refiners as the conflict in the Middle East drives up fuel prices and increases costs for goods ranging from groceries to industrial materials. Helleniq Energy said the measure was “the most effective and immediate way to achieve across-the-board price cuts.”

The government said on Wednesday that it will increase the state diesel discount by €0.05 to €0.15 per litre for the next two weeks, bringing the total discount at service stations to €0.20 per litre.

Further measures under review

Prime Minister Mitsotakis told a cabinet meeting broadcast on public television that the pressure from rising costs was testing countries’ budgets. He said the government would review its interventions every 15 days because the situation remained fluid.

The government will announce support for heating oil in the two weeks before October 15, when consumers begin buying it for winter, Mitsotakis said. Greece has said it aims for a market price below €1.75 per litre.