Paphos People

The government announced on Thursday the reinstatement of the electricity subsidy as part of a raft of measures aimed at helping people through the cost-of-living crisis.

The package will cost a total of €196 million.

The electricity subsidy will be effective between November 1 and February 29 and will apply to residential, commercial and industrial consumers. The amount of the subsidy will be based on income, with “vulnerable” consumers set to have 100 per cent of any increases covered.

Other measures announced by the government include a decision to reduce the tax on fuel by 8.33 cents per litre from November until February.

They have also announced a reduction of the consumption tax on heating oil by 6.39 cents per litre from December until March.

Additionally, VAT on meat and vegetables will be scrapped between December and the end of May.

Full item here:- https://cyprus-mail.com/2023/10/19/new-economic-relief-measures-to-be-announced/

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Dave
Moira And Dave

“I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.”