The 40-lept-per-litre discount on heating oil, which came into effect on 15 October, is valid until Saturday 31 October. Twenty leptes are provided by the state and the other 20 by the refineries. According to ERT, announcements regarding the extension are expected by the end of the week, and the most likely scenario is that the same amounts will continue to be provided, both by the state and by the refineries. No official decision has yet been made.
The same applies to motor fuels: a total discount of 20 lepta on diesel, provided by the government and the refineries, and 10 lepta on unleaded petrol. How the measures were put in place and what applies to the heating allowance we wrote about this on 14 October.
How much more expensive did October become?
The average retail price in October 2026 is higher than in October 2025 for all four types of fuel:
- heating oil: 1.56 euros per litre, up from 1.13, +38%
- diesel: 2.14 euros, up from 1.53, +39%
- unleaded petrol: €2.19 from €1.74, +26%
- LPG for vehicles: €1.13 from €0.94, +19%
For a house that uses 1,000 litres of heating oil in winter, the difference of 43 lepta compared with last year amounts to 430 euros.
Brent crude is trading at $116 a barrel, and wholesale fuel prices have risen by 3 to 3.5 lepta within 24 hours. The increase is expected to be passed on at the pump in the final days of the month, that is, when the discount expires.
Electricity: wholesale prices have doubled since June
On the spot market, the wholesale price reached 189 euros per megawatt-hour, up from 92.9 euros in June. The wholesale price is mainly passed on to variable tariffs – the ‘green’ ones – which change price every month. Fixed tariffs – the ‘blue’ ones – are not directly affected. According to ERT, variable tariffs are now much more expensive than fixed ones, and it remains to be seen whether the Public Power Corporation (PPC) and other suppliers will extend their offers on ‘blue’ tariffs. The prices for ‘green’ tariffs for November are announced by each supplier at the start of the month.
What are you doing?
Diesel. If you’re planning to fill up your tank, buying by Saturday 31 October will definitely get you the discount; ask your supplier if they deliver on Saturdays. For purchases from 1 November onwards, everything depends on the forthcoming announcement. Ask for the receipt to be issued in the name of the allowance recipient’s tax identification number and keep it safe, as the heating allowance for heating oil is calculated based on your purchases. The AADE’s ‘myThermanisi’ platform is expected to open by 10 November, and the allowance has been increased by 30 per cent this year.
Electricity. If you’re on a green tariff, check the November price as soon as your supplier announces it and compare it with the fixed-rate tariffs. The Regulatory Authority’s comparison tool, at energycost.gr, displays the tariffs of all suppliers using the same criteria. Before switching, check whether the new tariff includes an early termination fee.
Source: ertnews.gr, ‘Brent at $116 and the wholesale price of electricity has doubled’, report by Thanos Tsirou, 28 October 2026; Ministries of the Environment and Energy and of National Economy and Finance, announcement of measures 14 October 2026.
