Greece among most expensive fuel markets in EU
Greece continues to rank among the most expensive countries for fuel in the EU, largely due to high taxation. By the end of March 2026, gasoline prices averaged €2.049 per liter, while diesel reached €2.122—both near record highs.
The country ranks among the top four in the EU for fuel prices, despite having lower average incomes than other high-cost nations such as the Netherlands and Germany, making the burden on consumers heavier.
Taxes play a major role, accounting for more than half of fuel prices. With VAT at 24% and high excise duties, over 54% of the final price paid by consumers comes from taxes, highlighting the significant impact of fiscal policy on fuel costs.
EU fuel prices surge as conflict disrupts oil supply
Fuel prices across the European Union have risen sharply following supply
disruptions linked to the US-Israel war with Iran, with diesel seeing the steepest increase. The conflict, which began on February 28, has severely affected oil flows through the Strait of Hormuz, pushing prices higher across the bloc.
According to European Commission data, gasoline prices climbed from €1.64 to €1.87 per liter by March 30, a 14% increase. Diesel prices surged even more dramatically, rising 30.2% from €1.59 to €2.07 per liter.
Major EU economies recorded significant increases. In Germany and France, gasoline prices rose around 17%, while diesel jumped over 32%. Italy and Spain saw more moderate gasoline increases but still faced notable diesel price spikes.
