Prices are rising but there will be no reduction in fuel taxes

The Greek government may consider a plan to provide natural gas subsidies in response to soaring energy costs and, in particular, natural gas prices. This was stated by the Minister of Finance of Greece Christos Staikuras on the air of SKAI on September 29.

He also noted that the government does not plan to reduce fuel taxes, and that the draft budget, which will be presented to parliament on October 4, does not provide for such interference.

Staikuras stressed that, according to estimates from the European Central Bank and the US Federal Reserve, the phenomenon of price increases appears to have been temporary due to the rapid recovery and very strong demand. He added that consumers will soon feel this, and while the government’s ongoing support measures have created a “wall of immunity”, the government will be implementing more “temporary interventions” in the coming months.

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