Greece considers return of Fuel and Power Pass as energy prices surge
Officials at the Greek Ministry of National Economy and Finance are assessing possible measures, with Prime Minister Kyriakos Mitsotakis asking Deputy Minister Thanos Petralias to examine different scenarios.
According to government sources, the measures could be announced within the next two weeks and may also include a profit cap on fuel trading and retailing.
The government is revising its economic outlook as higher oil prices threaten growth and inflation targets. An adverse scenario in the 2026 budget projected oil prices rising by $40 per barrel, growth slowing to about 1.9%, private consumption falling by 1%, and inflation increasing from 2.2% to 4.7%.
Authorities are reviewing policy tools used during the 2022 energy crisis, though officials say support is likely to focus on targeted aid for vulnerable households and businesses rather than broad consumer subsidies.
Further decisions may also depend on developments at the upcoming European Council meeting of March 19, where possible easing of EU fiscal rules could be discussed.
