The government is preparing up to €35 million in fuel subsidies to help ferry operators contain costs, while a separate dispute over reduced sailings threatens to leave Chios with limited ferry connections during a four-month airport closure
The government is considering covering up to 70% of additional fuel costs as ferry operators face a €200 million burden, seeking to prevent ticket price hikes and keep Greece’s islands connected through the winter
Falling fuel sales are reducing revenue from Greece’s excise taxes, with estimated losses reaching €200 million so far. The government has announced new pump subsidies, but uncertainty remains over how long the energy crisis will last.
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The government and refiners will split a 40-cent-per-liter discount, bringing the estimated starting price to €1.55. Ministers also confirmed a 30% increase in heating allowances as households face higher energy costs.
Athens has set aside 400 million euros in reserves and will ask EU leaders this week to allow part of the money earmarked for energy investment to be spent on support for households and businesses.
The new feature displays fuel prices alongside gas stations on the map, helping drivers compare gasoline and diesel prices as energy costs rise.
Dozens of fishing boats gathered in Piraeus as fishermen demand fuel subsidies and broader support, warning that protests could escalate nationwide if the government does not acτ
The measures affect households and businesses, with changes planned for fuel prices, taxes, pensions, workers, farmers and families, while a new savings scheme for younger generations is also set to launch
Greece has cash to cushion fuel and heating costs this winter but little room under EU spending rules to use it, so officials are waiting on oil prices before deciding how much to spend
Taxi and public bus operators say they can no longer absorb rising fuel and operating costs, calling for higher fares and emergency government support while warning that some bus routes could be reduced or suspended
Government spokesman Pavlos Marinakis said motor fuel measures will be announced on September 30 and a heating oil package on October 14
Finance Ministry officials are waiting for greater clarity on oil prices before setting the size of subsidies and other measures
Fuel prices stay high across Greece: 95-octane averages €2.199/liter, while the Cyclades top the chart at €2.414. Florina is the cheapest at €2.152.
The finance minister said existing recipients will receive more, while the government is also preparing measures aimed at bringing heating oil prices below last season’s closing level
Greece has Europe's 6th-highest gas prices but its lowest wages among them — 50L costs 7.2% of a monthly salary vs. 2.15% in Denmark.
Heating oil could cost up to 70% more than last year when sales begin Oct. 15, while gasoline, diesel and natural gas prices are also putting increasing pressure on households
With energy prices surging, the government is holding another round of high level meetings, but officials say today's session is being framed as just a stock taking exercise, deferring any decisions until after this week's EU finance talks
A renewed spike in global oil prices, driven by escalating tension between the United States and Iran, has pushed consumer prices in Greece up 3.8 percent and prompted the European Central Bank to raise interest rates