Greece Shields Consumers From Fuel Shock but Warns Europe Faces Aviation Crunch

Greece has successfully cushioned home substance prices from the worst of the Middle East conflict's impact, but Europe faces looming proviso disruptions successful diesel and aviation substance that could unit formation reductions and propulsion summons prices higher, Deputy Environment and Energy Minister Nikos Tsafos has warned.

Speaking connected Parapolitika 90.1 FM, Mr. Tsafos said targeted authorities subsidies person driven unleaded petrol down to €2.03 per liter and diesel astir 17 cents little to €1.95 per liter.

He attributed Greece's comparative resilience to its export-oriented home refineries, which nutrient capable to screen nationalist request without dense reliance connected Middle Eastern imports.

The representation for Europe arsenic a full is much exposed.

Mr. Tsafos said the continent depends importantly connected Middle Eastern sources for diesel and aviation substance — proviso chains present severely disrupted by the determination conflict. European airlines whitethorn soon beryllium forced to chopped flights and rise fares arsenic the marketplace struggles to rebalance.

Greece's energy marketplace has besides held steady, with wholesale prices stabilizing astatine €93 per megawatt-hour — astir successful enactment with a twelvemonth agone — supported by the country's rapidly expanding renewable vigor capacity.

Mr. Tsafos described the planetary substance marketplace arsenic presently successful a "wait-and-see" signifier and near the doorway unfastened for further authorities involution if conditions deteriorate, portion acknowledging the fiscal constraints imposed by EU rules.

Greece has already introduced diesel subsidies of 20 cents per liter and relaunched a substance walk for petrol consumers up of Easter, arsenic the authorities seeks to incorporate cost-of-living pressures amid persistent planetary terms volatility.