Greece’s Finance Minister Christos Staikouras announced on Monday the extension of a heating oil subsidy at the pump.
The measure was originally due to end on December 31.
“The measure will continue to be applied until March 31, 2023, Staikouras said speaking to Skai TV.
However, the subsidy will be reduced from 25 cents per liter to 15 cents per liter, he added.
The reason for the reduction is a large drop in oil prices.
The exact rates (before and after VAT) that will be applied from January 1, 2023 will be decided by ministerial decision.