Mitsotakis to announce new consumer aid on Monday against energy price hikes driven by the Iran conflict

Greek Prime Minister Kyriakos Mitsotakis is expected on Monday to announce a new aid package for consumers, aimed at softening the effects of rising energy prices stemming from the conflict with Iran, as his office told Reuters.

According to Reuters, the announcement comes at a moment when tensions in the Middle East are putting pressure on international energy prices, raising concerns about the purchasing power of Greek households. Details on the form and scale of the support are expected to be made public during the day on Monday.

The move follows measures taken earlier this month, when the Greek government imposed a three-month cap on profit margins for fuel and dozens of supermarket shelf products, with the aim of preventing price speculation, Reuters reports.

Observers estimate the new package aims to protect the most vulnerable consumers from the wave of price increases, while official Athens is closely following international developments that could further affect the energy market.