Greek Prime Minister Kyriakos Mitsotakis on Monday announced a raft of additional measures to mitigate the energy cost of the Middle East war.In a televised address, Mitsotakis said the government had earmarked 300 million euros ($346 million) in relief for households and farmers in April and May.
The subsidies are targeted at reducing the cost of diesel fuel, petrol and fertiliser. Part of the initiative is aimed at holding back price hikes in ferry fares to the islands, Mitsotakis said.
Oil prices rose on Monday after the United States and Israel warned at the weekend that the war against Iran -- which has disrupted oil deliveries through the Strait of Hormuz -- would continue for several more weeks.
Greece had already announced a first batch of measures on March 11, capping profit margins on gasoline and foodstuffs for three months.
Mitsotakis on Monday said the government was keeping additional funds on tap.
"Since no one knows how long this war will last, we are obviously keeping reserves in case the global economic situation deteriorates significantly," the conservative leader said.
