Greek Fuel Prices Surge Toward €2.15 a Liter

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A warning from Nikos Papageorgiou, president of the Attica Fuel Station Owners Association, might have sounded exaggerated until recently. Today it carries a different weight. Oil has climbed past $105 a barrel, as tension in the Middle East and fears of a supply disruption push energy prices higher again. For Greek consumers, what matters is not the number traders watch on their screens, but the number that will appear on gas station signs within days.

Papageorgiou, speaking in a television interview on Meganews, said gasoline prices in Attica, the region that includes Athens, could reach 2.15 euros a liter within days. Until recently, 2 euros a liter was seen as a psychological threshold for Greek consumers.

Minister Signals More Help Is Possible

In a television interview this morning, Greek Minister of Environment and Energy Stavros Papastavrou did not rule out new measures to support households if fuel prices fail to come down.