Finance Minister Makis Keravnos announced that the Cabinet decided on Wednesday to continue in a targeted manner the electricity subsidy measure, but not the one on fuel, taking all facts into account and assessing the situation. The measures had been introduced horizontally in the summer of 2022.

The measure on electricity bills will be in effect until the end of September and the cost is estimated at 2.5 million euro.

Keravnos recalled that the government in dealing with inflationary trends and the high increase in prices had taken a series of measures, among them the subsidy of fuel and electricity through the Electricity Authority, until the end of June.

He said that the Cabinet assessed the situation and especially the large drop in fuel prices and decided that the fuel subsidy measure must end at the end of the month.

The energy subsidy, he said, will be more focused only for vulnerable households and for farmers who use water from pumping stations for their needs.

Vulnerable households include recipients of the guaranteed minimum income, the disabled, people unable to work, large families, single parents’ families, people receiving disability and incapacity pensions and the unemployed.

He said that this is the an all-time policy of the Government for targeted measures to alleviate the problems of the middle class households and vulnerable groups.