Greece cuts fuel prices as Iran war strains household budgets

Greece has announced temporary cuts to petrol and diesel prices as the US-Israeli war on Iran drives up costs across Europe.

Prime Minister Kyriakos Mitsotakis told parliament on Friday that the country’s two main oil refineries had agreed to reduce prices until the end of August.

“Fuel prices will drop by 10 cents per litre and diesel fuel will drop by 5 cents per litre,” he said.

The move follows growing pressure on household budgets as the war disrupts energy markets and pushes up transport and living costs across the continent.