CYPRadar 🇨🇾💰 Cyprus extends reduced motor fuel excise tax until September 17
The Cyprus Finance Ministry has extended the reduced excise tax on motor fuel until September 17. This decision follows requests from most parliamentary parties to allow more time for reassessment when the House of Representatives returns in the autumn session. The extension maintains a reduction of 8.33 cents per liter in fuel tax, designed to ease consumer costs. The government estimates that this measure will provide a total benefit of €15.5 million to consumers, continuing its efforts to mitigate the impact of rising fuel prices.
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