June 10, 2023

Athens News

News in English from Greece

SYRIZA deputies re-submit an amendment to reduce the excise tax on fuel

An amendment to reduce the excise tax on fuel was resubmitted by a parliamentary group of the main opposition party SYRIZA.

According to the MPs who signed the application in the explanatory note to the amendment introduced to the bill of the Ministry of Finance, “the reduction concerns basic consumer goods such as gas, gasoline and diesel fuel”, and it is proposed that the reduction be valid for the period from October 1, 2021 through March 31, 2022.

It also states that “the proposed amendment provision provides for a reduction in excise duty rates to a threshold based on minimum rates EU for fuel oil and lighting fuel, which are used as fuel for heating in the period from October 15, 2021 to April 30, 2022, when the needs of the population increase.”

“For the above periods of the relevant articles, the excise tax corresponding to unleaded gasoline with the addition of special additives is reduced from 700 euros per kilogram to 359 euros per kilogram. The tax corresponding to diesel fuel should be reduced from 410 euros per kilogram to 330 euros per kilogram. The tax on fuel oil, as well as fuel oil (kerosene) has been reduced from 410 euros per kiloliter to 21 euros per kiloliter. At the same time, natural gas, which is used for heating and touches other consumers, must be reduced from 1.5 euros per gigajoule to 0.30 euros per gigajoule,” the SYRIZA deputies emphasize.

“The aforementioned reduced rates are below EU VAT thresholds and provide much-needed tax relief for consumers. “The ultimate goal is to curb the new wave of price increases that are overburdening consumers, as well as increase the consumption of these products by lowering VAT,” SYRIZA deputies add.

As we reported earlier, due to increased excise tax prices for motor gasoline in Greece have reached 2 euros per liter, diesel fuel is already above 1.5 euros / liter, and gas at gas stations has exceeded the threshold of 1.05 euros per liter of LPG.

Source link