Given the widespread assessment that the war in the Middle East will not end soon—and that even if it did, the economic consequences would remain significant—the government is stepping in for a second time with support measures. This follows the earlier decision to impose a profit margin cap on fuels and food. The new measures are expected to focus on fuel, ferry tickets, and fertilizers, which are the main areas of concern.

According to protothema.gr, the announcements are expected to be made by Prime Minister Mitsotakis, followed by a detailed explanation of the measures. Preparations for the package included a meeting on Saturday at the Maximos Mansion with the economic team.

However, officials emphasize that this intervention is unlikely to be the last, hence the inclusion of contingency plans. Deputy Finance Minister Thanos Petralias has been working on identifying resources without “blowing up” the budget.

Fuel Pass and diesel subsidy

Regarding fuel, after three weeks of monitoring the situation, the Fuel Pass—known from the 2022 energy crisis—is expected to return. This measure is not universal, as it includes income criteria and may vary depending on the beneficiary’s region (mainland or islands).

The package is also expected to include a diesel subsidy, a measure that had been kept “in reserve” after the profit margin cap was introduced. The 2022 mechanism involved setting a refinery price cap and subsidizing the difference compared to market prices, at a cost to the state budget.

Government officials have long raised concerns about diesel prices, which have nearly reached the level of 95-octane gasoline.

These choices indicate that reducing the fuel excise tax (EFK) was never seriously considered, as Mitsotakis reportedly opposes horizontal measures that would benefit everyone equally (including wealthy vehicle owners) while creating a significant budget gap without EU backing.

Tickets, fertilizers, and tourism

Rising fuel costs are also putting pressure on ferry and airline budgets. Aegean Airlines has already announced initial price increases, while an emergency meeting was held last Friday with government officials and representatives of the ferry sector ahead of Easter and the summer season.

Although no final decisions were made, government intervention is expected. Industry representatives are requesting measures such as a greater reduction in port fees (up to -50%) and fuel subsidies.

At the same time, concerns are growing about the impact on Greek tourism, although the market is showing restraint and avoiding panic reactions.

Agriculture is also under pressure. Minister of Rural Development Kostas Tsiaras is already considering new support measures for the primary sector, following a surge in fertilizer costs. It is estimated that about one-third of the global fertilizer market passes through the Strait of Hormuz, driving prices higher. A price cap has been ruled out for now, with direct support to producers being the preferred option.