A legislative proposal to impose a cap on fuel prices was tabled today by AKEL, as a measure to deal with the large increases that have occurred recently.
Specifically, as AKEL said in a statement, "in the face of the accuracy affecting Cypriot society, the uncontrolled increases in fuel prices and the cases of obscenity, AKEL today tabled a proposal for a law on the imposition of a cap on fuel prices".
It explains that "the proposal for a law submitted by the General Secretary of the K.E. of AKEL Stefanos Stefanou on behalf of the entire Parliamentary Group of AKEL Left New Forces, provides for the extension of the possibility of the Minister of Energy, Trade and Industry to issue a decree on a cap on fuel prices in cases where particularly difficult economic conditions prevail in the market which require the containment of price increases in order to protect consumers".
VIEW HERE THE AKEL'S PROPOSED LAW
"The existing legislation limits the possibility of imposing a cap only in the case of obscenity, while its validity is left to the discretion of the Minister. The government, however, has not made any use of the possibilities provided for consumer protection, despite the rapid increase in fuel prices," AKEL notes.
"The proposal for a law on the fuel cap is part of the series of initiatives developed by AKEL to curb the high prices that nibble away at the living standards of the Cypriot people," it concludes.
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