Greek government will provide farmers with subsidies to offset the costs of diesel and fertilizers
Greece will provide subsidies worth 300 million euros ($346 million) in April and May to help consumers and farmers cope with rising energy prices due to the conflict in Iran.
Prime Minister Kyriakos Mitsotakis announced this, Ekathimerini reports.
The Greek government will subsidize diesel fuel at points of sale by 0.16 euros per liter, which after deducting VAT gives consumers and businesses a benefit of about 0.20 euros per liter.
Households will receive targeted support through a digital fuel card, while farmers will receive a 15% subsidy on fertilizer purchases to compensate for the sudden price increase. Ferry operators will also receive financial assistance through mandatory ticket discounts.
In addition, profits from online casino-style games will be subject to taxation, which will allow for an additional 100 million euros in revenue.
Mitsotakis noted that the costs of the initiative will be covered not only by public funds, but also by sectors that will receive increased profitability, “while maintaining a smaller social footprint.”
As reported, the Slovak government has taken unprecedented measures to stop the mass export of fuel abroad. Due to an acute shortage of diesel fuel, a state of emergency has been declared in the country, an export ban has been introduced, and prices at gas stations have increased significantly for foreign drivers.
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