Mitsotakis Raises Diesel Subsidy, Cites Hormuz Strait Standoff, as Crete Recovers From Floods - iefimerida.gr

Mitsotakis Raises Diesel Subsidy, Cites Hormuz Strait Standoff, as Crete Recovers From Floods

Kyriakos Mitsotakis
Kyriakos Mitsotakis
ANTHEE CARASSAVA

Prime Minister Kyriakos Mitsotakis says Greece will raise its diesel pump subsidy from 10 to 15 cents per liter for the next 15 days, reaching 20 cents with refinery discounts, as a prolonged standoff around the Strait of Hormuz keeps energy prices elevated.

In his weekly social media review, Mr. Mitsotakis said the government would announce heating oil measures shortly before Oct. 15, aiming to keep prices below €1.75 per liter, alongside a across-the-board increase in the heating allowance.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

He said Athens will review the situation every two weeks.

"The priority is not to let a global crisis become a national dead end for Greek households," he wrote.

Mr. Mitsotakis said he has written to the European Commission president and the Eurogroup chief asking for fiscal flexibility that would let Greece spend extra VAT revenue from high prices on targeted relief without counting it against spending ceilings.

He also confirmed that tax and social security debt repayment plans will extend from 72 to 120 installments, with a €30 minimum payment.

Debt servicers face tougher rules: a 15% cap on upfront payments, fines of up to €500,000 for violating agreed plans, and interest frozen if borrowers do not receive full debt details within 45 days.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

On Crete, Mr. Mitsotakis said his thoughts were with residents hit by flooding.

A government team will visit the island Monday to coordinate damage assessment and recovery.

He said Greece has submitted its final Recovery Fund payment requests, securing about €36 billion, and noted unemployment fell to 7.4% in August.

He marked New Democracy's 52nd anniversary, to be celebrated Monday, invoking founder Konstantinos Karamanlis.

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