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Greece announces subsidies for consumers and farmers to protect them from rising energy prices

Kyriakos Mitsotakis, the Greek Prime Minister, announced on Monday that Greece would offer subsidies for fuels and 'fertilisers' and discounts on ferry tickets worth a total of 300 million euros ($346million) to protect consumers and farmers against rising energy prices resulting from a rift with Iran.

Mitsotakis’ centre-right government?imposed this month a three-month limit on profit margins for fuel?and dozens?of products on supermarket shelves?to?avoid profiteering.

He announced on Monday that he would be providing diesel at 16 cents a litre and vouchers for fuel to 3 million customers.

In a televised address, he said: "Our goal is to ensure that rising product costs do not pass on to consumer goods."

He added that farmers will receive a '15% subsidy for fertilisers and ferry owners will be compensated by the state if they offer discounts or help to contain travel costs.

(source: Reuters)