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flag Greece may cap fuel prices if oil hits $100/barrel due to Middle East tensions and LNG disruptions.

flag Greece is preparing to intervene in its fuel market if global oil prices hit $100 per barrel, driven by rising Middle East tensions and a disruption in Qatar’s LNG exports. flag Fuel prices have already risen, with diesel at €1.743 per liter and gasoline at €1.82 as of March 6. flag Although Greece does not import directly from Qatar, global LNG price increases are pushing up costs for its imported fuel and electricity, risking inflation and household income losses of up to 5%. flag The government may cap fuel traders’ profits and seek EU coordination, while maintaining over 90 days of oil reserves. flag A prolonged disruption could add 1–2 percentage points to inflation, reduce GDP growth by 0.5%–1%, and increase energy import costs by €3 billion.

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