Cyprus Mail - 12 December 2018 - article by Evie Andreou
The parliament plenum on Wednesday unanimously approved a bill to reduce the tax on motor and heating fuel by almost six cents per litre
The reduction comes into effect on December 18.
In an extraordinary session, the House plenary voted in favour of the 5.95 cent per litre reduction in consumption tax on petrol, diesel and heating fuel.
The proposal, tabled by the leaders of Disy and Diko, Averof Neophytou and Nicolas Papadopoulos, was opposed by the government, which wanted to cut the tax on income from interest rates from 30 per cent to 17 per cent instead.
During the debate prior to the vote, Edek MPs had said they were not in agreement with the bill, but did not reject the proposal.
The reduction in tax on petrol, diesel, and heating fuel will cost the state €48.4m — €57.5m including VAT.
