Greek government plans dual approach to heating oil prices and subsidies
The government will intervene at fuel pumps and raise heating subsidies, with the support level tied to international oil prices.
The administration is set to act on two fronts to curb heating costs: direct price cuts at service stations and an expansion of the heating allowance. The pump price is expected to drop to roughly 1.70 euros per litre, reflecting the latest international price trends. The allowance for heating could rise as much as 20%, with priority given to the coldest areas and electric-heating users.
Example calculations show a household in mountainous Arcadia could receive 636 euros for oil or 884 euros for electric heating, while a family in Attica would see allowances of 287 and 399 euros respectively. Both the fuel subsidies and the heating aid will be reviewed on a bi-weekly basis.
Why it matters
Higher heating subsidies and lower fuel prices aim to ease household energy costs amid volatile oil markets.
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