The Ministry of Finance is scrutinizing government measures against inflation, some of which are expiring soon.
Government Spokesperson Konstantinos Letymbiotis stated today that the President of the Republic has instructed the Minister of Finance to evaluate the existing anti-inflation measures and decide on their continuation or not before their expiration.
As reported today by Phileleftheros, at the end of the month, the measure of graduated subsidy for electricity costs expires, which has been in effect since last November.
429 thousand households and 106 thousand businesses benefit from the electricity subsidy, with the cost to the state treasury reaching €45 million.
On March 3rd, the measure of reducing consumption tax on motor fuels expires. From November 3rd, 2023, to March 3rd, 2024, gasoline and diesel are sold cheaper by 8.33 cents per liter. The fiscal cost is estimated at around €21.8 million.
On March 31st, the measure of reducing tax on heating oil also expires.
The Government Spokesperson also mentioned that in the afternoon, the Minister of Energy, George Papanastasiou, will meet with the new Administrative Board of the PPC (Public Power Corporation), with whom they will thoroughly discuss all matters concerning the Electricity Authority.
Additionally, he noted that the issue of electricity prices will also be discussed during the meeting.
It is reminded that yesterday in Parliament it was properly stated that new increases in electricity charges are expected, both in the short and medium term.
According to the President of RAEK, Andreas Poulikkas, the judicial decision is pending on PPC’s appeal against RAEK’s negative response to the request made in 2023 for an increase in electricity prices for the previous year, while a new request for increases from PPC has been submitted for 2024.
Furthermore, it is estimated that the price per kilowatt-hour will increase for environmental reasons, as pollution costs show an upward trend, with a possible doubling by 2030!
Increases will be imposed in March or April also on motor fuels, as part of green taxation provided for by the Recovery Fund. Compensatory measures for consumers will be agreed upon for this measure.