-- The Dutch government announced a package of measures worth around 1 billion euros ($1.2 billion) to shield households and businesses from rising energy costs, while activating an emergency response plan amid growing concerns over global supply disruptions, media outlets reported on Monday.
The measures include temporary tax relief for commuters, truck drivers and fishermen, as well as a higher tax-free travel allowance for employees. The package also provides targeted support for lower-income households, including about 195 million euros to help cover energy bills, and incentives for homeowners to reduce energy consumption.
The government again declined to introduce broad fuel tax cuts, despite pressure from affected sectors.
The move comes as the Netherlands braces for more economic fallout from the conflict in the Middle East. The closure of the Strait of Hormuz, a key route for oil and gas shipments, has driven up European energy prices and raised concerns about tighter supplies.
Officials said there are no immediate fuel shortages, noting that European supplies of oil, diesel and jet fuel are sufficient to meet demand for up to a year. However, authorities warned they are preparing for a possible deterioration in the situation.
The move marks the first time the four-stage plan has been triggered since it was developed during the energy crisis that followed Russia's invasion of Ukraine in 2022.
Finance Minister Eelco Heinen reportedly said the government is taking into account the risk of further escalation and stands ready to introduce additional measures if needed.
The Dutch government did not immediately respond to' request for comment.