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Greece Fuel Prices Set to Fall as Oil Markets Plunge

Thursday, 18 June 2026/Source: CretaOne/1 min read

Fuel prices in Greece are expected to decline gradually following a significant drop in international oil markets. Crude oil prices have fallen more than 13% in recent weeks, trading in the 77 to 78 dollar range per barrel. While global prices have dropped sharply, reductions at Greek petrol stations typically follow with a delay of one to three weeks due to local distribution costs and taxation structures. For tourists renting a car in Crete, this is good news. Petrol costs, which have been a notable expense for visitors exploring the island independently, should ease over the coming weeks. If you are planning a road trip through the island, prices at the pump may be slightly lower by mid to late summer. Filling up at supermarket-affiliated stations in larger towns like Heraklion or Chania generally offers the best rates.

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