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[CYPRUS MAIL] Fuel subsidies scrapped, help with electricity bills for some...

2023-05-11T141307Z_1104447397_RC2FQW9G5JOU_RTRMADP_3_SAFRICA-ESKOM-960x618.jpg

Fuel subsidies will be scrapped but electricity bill subsidies will continue albeit more targeted towards vulnerable groups, the cabinet decided on Wednesday.

The measure will cost €2.5 million and will last until the end of September.

Announcing the developments, Finance Minister Makis Keravnos said electricity subsidies will be geared to vulnerable households and farmers who use pumping stations to water crops.

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