Mitsotakis: Lower oil prices to be reflected at the pump
- Written by E.Tsiliopoulos
Prime Minister Kyriakos Mitsotakis opened the cabinet meeting on Tuesday with a brief reference to international developments that, he said, have direct economic consequences.
He noted that easing tensions between the United States United States and Iran Iran has led to a significant decline in oil prices, adding that this reduction is expected to be quickly reflected in fuel prices in Greece. He stressed that state control mechanisms will ensure that lower international prices are passed on to consumers.
"Of course, the expectation of all of us is that these lower oil prices will also be reflected on the pump gasoline prices. I am certain this will happen in the coming days," he said.
He also said the government and market participants had agreed to keep prices stable for the next two months, with the prospect of further reductions from September, reiterating that tackling inflation remains a top government priority.
Mitsotakis then presented a review of the first half of the government’s work, saying it had delivered on its commitments.
He referred to the increase in the minimum wage, financial support for families with children, measures for low-income pensioners, and rent rebates, noting that although these do not fully resolve the cost-of-living challenge, they provide meaningful relief to households.
The prime minister also highlighted progress in structural reforms, including collective labour agreements, changes to inheritance law, a new local government code, measures addressing private debt, and implementation of Recovery and Resilience Facility projects, with emphasis on healthcare infrastructure upgrades.
He stressed the importance of strengthening primary healthcare, education reforms, and advancing spatial planning and digital transformation policies.
Closing the meeting, Mitsotakis said the government would continue to focus on everyday challenges, adding that EU Recovery Fund resources have supported Greece’s growth trajectory, while underlining the government’s commitment to addressing social needs alongside political debate and opposition proposals.
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