Tuesday , October 17 2017
Home / News / Economy / Where to find cheap fuel in Greece

Where to find cheap fuel in Greece

Greece has the sixth highest gasoline prices, according to a survey conducted by Market Monitoring Agency for news agency Bloomberg. Out of 60 countries surveyed by Bloomberg, Greece was found to have the sixth highest gasoline prices and the third-highest in Europe. All these despite dramatic income decreases.

The average price is now 1.745 euros per liter, or about $8.80 per gallon, according to a report by the Market Monitoring Agency. Much of that, or, 1.019 euros ($1.36) per liter is taken in taxes, increased by big hikes in the fuel tax.

Using prices in the period from January 3 to 18, the Bloomberg survey showed that Greeks have to spend some 15 percent of their daily wage in order to purchase one liter of gasoline.


Price per gallon of gasoline: $8.62

Rank by most expensive gas: 6

Rank by pain at the pump: 21
The Greeks’ middling pain at the pump score is worsened by the amount they consume. They spend more of their income on gasoline than any country in the ranking: 4.8 percent.

Wages in Greece declined this year amid the ongoing financial crisis, compounding the pain of rising gas prices. Since 2009, Greece has raised gasoline taxes to the third-highest in Europe.
The average Greek earns $58 a day. The share of a day’s wages needed to buy a gallon of gas is 15 percent.

The situation is almost worse in Portugal, another austerity- and IMF-hit EU country.


Price per gallon of gasoline: $8.82

Rank by most expensive gas: 5

Rank by pain at the pump: 17
Taxes account for 64 percent of the price of gas in Portugal. That’s higher than in neighboring Spain, leading many drivers to cross the border in search of a cheap fill.

Frustrated about fuel prices in Greece?

Check the application below, to find the cheapest possible prices in your area.:)

Application is updated on regular basis.

Check Also

Greece can also without the IMF, says FinMin Tsakalotos

Greece can proceed with the implementation of the bailout program with or without the participation …