Time for announcements on new financial support measures with fuel pass, intervention for diesel and ferry tickets

Given the wide appraisal that the warfare successful the Middle East volition not extremity soon—and that adjacent if it did, the economical consequences would stay significant—the authorities is stepping successful for a 2nd clip with enactment measures. This follows the earlier determination to enforce a nett borderline headdress connected fuels and food. The caller measures are expected to absorption connected fuel, ferry tickets, and fertilizers, which are the main areas of concern.

According to protothema.gr, the announcements are expected to beryllium made by Prime Minister Mitsotakis, followed by a elaborate mentation of the measures. Preparations for the bundle included a gathering connected Saturday astatine the Maximos Mansion with the economical team.

However, officials stress that this involution is improbable to beryllium the last, hence the inclusion of contingency plans. Deputy Finance Minister Thanos Petralias has been moving connected identifying resources without “blowing up” the budget.

Fuel Pass and diesel subsidy

Regarding fuel, aft 3 weeks of monitoring the situation, the Fuel Pass—known from the 2022 vigor crisis—is expected to return. This measurement is not universal, arsenic it includes income criteria and whitethorn alteration depending connected the beneficiary’s portion (mainland oregon islands).

The bundle is besides expected to see a diesel subsidy, a measurement that had been kept “in reserve” aft the nett borderline headdress was introduced. The 2022 mechanics progressive mounting a refinery terms headdress and subsidizing the quality compared to marketplace prices, astatine a outgo to the authorities budget.

Government officials person agelong raised concerns astir diesel prices, which person astir reached the level of 95-octane gasoline.

These choices bespeak that reducing the substance excise taxation (EFK) was ne'er earnestly considered, arsenic Mitsotakis reportedly opposes horizontal measures that would payment everyone arsenic (including affluent conveyance owners) portion creating a important fund spread without EU backing.

Tickets, fertilizers, and tourism

Rising substance costs are besides putting unit connected ferry and hose budgets. Aegean Airlines has already announced archetypal terms increases, portion an exigency gathering was held past Friday with authorities officials and representatives of the ferry assemblage up of Easter and the summertime season.

Although nary last decisions were made, authorities involution is expected. Industry representatives are requesting measures specified arsenic a greater simplification successful larboard fees (up to -50%) and substance subsidies.

At the aforesaid time, concerns are increasing astir the interaction connected Greek tourism, though the marketplace is showing restraint and avoiding panic reactions.

Agriculture is besides nether pressure. Minister of Rural Development Kostas Tsiaras is already considering caller enactment measures for the superior sector, pursuing a surge successful fertilizer costs. It is estimated that astir one-third of the planetary fertilizer marketplace passes done the Strait of Hormuz, driving prices higher. A terms headdress has been ruled retired for now, with nonstop enactment to producers being the preferred option.