Government , ‘addressing’ fuel price increases
The government is addressing increases in the retail price of fuel with targeted measures and by strengthening the incomes of the middle class. The government had implemented a blanket fuel tax subsidy last year, but elected not to extend it past the end of last month. A forthcoming “green tax” will be implemented later this year, potentially adding eight cents per litre to the retail price of fuel. The government is also looking to address the issue of multiple pensions for high-level government officials, aiming to replace them with a one-time lump sum payment. Changing the constitution to address multiple pensions is not an option as it would require the consent of the Turkish Cypriot community.
