File photo.
Greece will provide €300 million ($346 million) in subsidies in April and May to help consumers and farmers cope with rising energy prices linked to the conflict in Iran, Prime Minister Kyriakos Mitsotakis said Monday.
The government will subsidize diesel at distribution points by €0.16 per liter, translating to an estimated €0.20 per liter benefit for consumers and businesses after VAT. Households will receive targeted support through a digital fuel card, while farmers will get a 15% subsidy on fertilizer purchases to offset sudden price increases. Ferry operators will also receive financial assistance, tied to mandatory ticket discounts.
In addition, profits from online “casino-style” games will be taxed to generate an additional €100 million in revenue.
Mitsotakis said the initiative’s costs would be covered not only by public funds but also by sectors experiencing increased profitability, “while maintaining a smaller social footprint.”
This story has been updated.