Greek supermarkets will introduce price cuts on nearly 1,660 product lines starting Monday, August 31, to help consumers combat rising living costs.
The price reductions, ranging from 5% to 30%, are being implemented under Greece's National Social Agreement between market representatives and the Ministry of Development.
The product list was initially expected to cover more than 1,500 items, but recent market updates show it has expanded to reach 1,660 product codes. Although the full list compiled by the ministry and retail leaders is still being finalized, the discounts will take effect on store shelves from Monday.
Supermarket discounts and price tracking
To help shoppers identify discounted goods, supermarkets will place special signage on shelves alongside eligible items. Consumers will also be able to review the reduced prices online through the government's How Much It Costs digital platform.
Retail chains are compiling their own individual discount lists, with reduction percentages varying from store to store due to competitive market pressures. Authorities have advised consumers to conduct careful market research to locate the most advantageous offers.
The Ministry of Development is the Greek government department responsible for market supervision, price transparency, and commercial regulation. Greece has frequently utilized retail agreements and official price-monitoring tools to protect consumer purchasing power during periods of elevated inflation across the European Union.
Government diesel fuel subsidy extension
Alongside the retail price cuts, the Greek government is expected to announce an extension of its 10-cent per litre diesel fuel subsidy on Saturday, August 29.
Development Minister Takis Theodorikakos announced the pending extension during an interview with public broadcaster ERT 3. Theodorikakos said he had discussed the subsidy with the prime minister and was awaiting the official decision.
The minister explained that the exact timeframe for the extension has not yet been determined because government policy depends on international market developments and the ongoing war in the Middle East.
Uncertainty also remains over whether commercial oil refineries will maintain their own separate price discounts, which have been in place for the past two months. Refineries currently offer voluntary discounts of 10 cents per litre on unleaded petrol and 5 cents per litre on diesel fuel.
ERT 3 is a regional public television network based in Thessaloniki that broadcasts news and current affairs programs across northern Greece. Fuel prices across Europe remain closely linked to volatile global oil markets and geopolitical disruptions in the Middle East.
