In Greece, rising fuel prices are causing increasing concern among consumers and fuel retailers. According to Maria Zaga, the president of the Gas Station Owners of Attica, the market is in a particularly challenging situation as a result of ongoing geopolitical developments and attacks on oil tankers. It is expected that the price of 95-octane unleaded fuel may exceed 2 euros per liter within the week, especially in Athens, where prices are already approaching this level. In rural areas and islands, where transport costs are higher, prices have already reached such levels.

Zaga emphasized that invoice prices have been increasing daily by 1 to 3 cents for approximately the past 17 days, indicating no immediate end to this upward trend is in sight. The fuel market is under stress due to the combination of international geopolitical events and local supply chain issues, leading to a potential crisis in accessibility and affordability for consumers. The critical situation is further exacerbated by the rising costs in transportation and logistics, which impact the prices at the pump.

As fuel prices continue to rise, it is likely to have broader implications for the economy, affecting not just consumers but also businesses relying on transportation and logistics. The government and market regulators may need to intervene to stabilize the situation and protect consumers from further financial strain, as rising fuel prices can lead to increased costs for goods and services across various sectors.