Energy · Cyprus
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Generated by AI from the 3 sources below · always verify with the originals
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AI-synthesised from 3 sources · no editorial bias
The reduced fuel tax rate in Cyprus has been extended, following a decision made by the Cabinet and subsequently approved by the House of Representatives. This decision comes as a relief to consumers, as the tax reduction is seen as a positive measure in light of fuel prices that, while decreasing, still remain higher than levels recorded in March. Marios Koutsoftas, President of the Cyprus Consumers Association, referred to the extension as "a very pleasant surprise."
As a result of the reduced tax, the government will provide significant savings for consumers at the pump. Estimates suggest that this measure will cost the state budget approximately €12 million. The extension of the reduced tax rate reflects the government's ongoing efforts to support citizens amid fluctuating fuel prices.
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