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[Cyprus Times] Parliament unanimously passed the bill on the reduction of excise duty on fuel

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The House of Representatives unanimously passed the bill for the reduction of the excise tax on fuel

The Plenum of the House of Representatives unanimously passed a law for the reduction of the excise tax on fuel, which was submitted by the executive in the form of an emergency.

According to the explanatory report, the proposal is expected to lead to an easing of the economic costs borne by the consumer public and businesses in the Republic and is one of the measures being promoted to mitigate the impact of the ongoing Ukrainian crisis, especially fuel prices.

This was preceded by a heated debate in plenary on fuel prices and in the context of the discussion of other related bills.


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