Greek Deputy Prime Minister Kostis Khatzidakis Says New Fuel Aid Measures Under Review

Deputy Prime Minister Kostis Khatzidakis told a television interview that the Greek government is closely monitoring the sharp rise in diesel prices and is prepared to act. Since the start of the year the state has set aside €800 million to cushion the crisis and holds an additional €200 million for possible further support.

Khatzidakis said the first focus will be on diesel, the fuel most affecting transport costs, industry and product prices. He mentioned that the authorities are examining options such as a fuel‑pass scheme or direct subsidies at the pump. The government also noted that refinery operators have agreed to lower prices until the end of August, which helped keep gasoline and diesel costs lower than they would have been otherwise.

He cited the recent surge in global oil prices – Brent climbing from about $71 to $91 per barrel – and disruptions in refineries in the Persian Gulf and a Russian diesel export ban as contributing factors. The response is framed within the limits of the national budget and EU fiscal rules, with the aim of protecting consumers and the wider economy.