Govt approves extension of reduced fuel consumption tax rate

The government on Tuesday approved a two-month extension to the levying of a reduced rate of fuel consumption tax, which has been in force since April and was due to expire at the end of the month, government spokesman Konstantinos Letymbiotis said.

“Cabinet today approved a proposal for the continuation of the reduced rate of consumption tax on motor fuels for a period of two more months, namely from July 1 until August 31,” he said, adding that the extension of the reduced rate is expected...