Greece announces 30% increase in heating allowance
The government will raise the heating allowance by 30% and subsidise heating oil at the pump to help households cope with rising energy prices.
Greek Finance Minister Kyriakos Pierrakakis has announced a significant 30% increase in the heating allowance for households. Speaking about the economic climate, which is fraught with challenges, Pierrakakis emphasized the need to alleviate the burden on families. To address this issue, the government plans to provide dual support for heating oil.
This includes a direct subsidy at the pump, which will immediately lower prices, and a substantial 30% increase in the heating allowance compared to last year. This measure is expected to benefit hundreds of thousands of families across the country. The necessary details of these measures are anticipated to be unveiled by the relevant ministries on Wednesday.
This announcement comes in the wake of Greece's plea for the EU to relax its spending rules, thereby granting governments greater flexibility to assist both households and businesses in coping with soaring energy costs. Other European governments are also taking steps to mitigate the impact of high fuel prices. For instance, Germany has implemented a temporary fuel duty reduction of 17 cents per liter for both petrol and diesel, effective from October 1, 2022.
Similarly, Spain has extended its existing fuel tax cuts. These measures are set to remain in place until the end of December.
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