Greece raises annual heating oil benefit by 30% to ease household energy costs

Athens, Greece. Greek Finance Minister Kyriakos Pierrakakis announced on Tuesday that the annual heating oil benefit would increase by 30% to ease the effect of rising energy costs on households. Speaking on television, he also said the government would subsidise heating oil purchases at the pump.

Support for households

Pierrakakis said easing pressure on families was the government’s priority amid difficult international conditions and an energy crisis challenging households worldwide. He said hundreds of thousands of households throughout Greece would receive help through the benefit.

Diesel discounts and industrial aid

The Greek government has already increased diesel fuel discounts and prolonged them until mid-October. It also plans electricity subsidies of up to €95 million for energy-intensive industries, subject to European Commission approval.