Gas prices in Greece remain among the highest in the European Union, with drivers paying an average of about €1.85 per liter ($7 per gallon) for unleaded 95 as of March 9, 2026, placing the country among the bloc’s most expensive fuel markets.
According to a comparison of gas costs across the bloc, this means Greece has the fifth-highest gas prices among the EU’s 27 member states.
Taxes keep Greece high on gas price scale
Analysts say taxation, rather than oil prices or refining costs alone, keeps Greece near the top of the European gas price table.
The final price of gas in Greece includes three main elements: the cost of crude oil and refined fuel, distribution and retail margins, and taxes. Of those, taxes account for the largest share of what consumers pay at the pump.
From the roughly €1.85 per liter charged to drivers, about €1.10 ($1.26 per liter or $4.16 per gallon) comes from excise duty, while approximately €0.35 to €0.40 reflects the 24% value-added tax. Altogether, taxes make up nearly 60% of the final retail price.
Wide divide in gas prices across Europe
Gas markets across the European Union continue to display significant disparities, with several countries in Central and Eastern Europe recording much lower prices on gas than Greece.
Bulgaria posts some of the lowest gas prices in the bloc, at around €1.27 per liter ($4.81 per gallon). Malta and Cyprus follow at roughly €1.34 to €1.35 per liter ($5.11 per gallon), while Slovenia, the Czech Republic, Slovakia, and Poland generally range between €1.45 per liter ($5.49 per gallon) and €1.50 per liter ($5.68 per gallon).
In contrast, Northern and Western Europe remain the most expensive parts of the market. The Netherlands ranks first, with gas averaging about €2.17 per liter ($8.21 per gallon). Germany and Denmark also top €2 per liter ($7.57 per gallon), while prices in Finland approach €1.93 per liter ($7.31 per gallon).
Gas taxes remain central across EU
Across the European Union, Brussels sets a minimum excise duty on gas of about €0.36 per liter ($1.36 per gallon). Even so, member states can impose significantly higher taxes. The average excise duty across the EU stands at roughly €0.55 per liter ($2.50 per gallon), which means taxes account for more than half of final fuel prices in many countries.
In Germany, taxes make up about 53% of the final pump price, while in France, the share ranges from around 50% to 53%. In Italy, the tax burden reaches roughly 55%. Meanwhile, in heavily taxed countries such as Denmark and the Netherlands, taxes also account for more than half of the retail price.