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Cyprus Finance Minister Constantinos Petrides announced on Thursday a reduction in fuel tax following a Cabinet meeting, at the Presidential Palace.”The Cabinet decided to reduce fuel tax at the maximum levels allowed by the European acquis and extend the period of implementing a reduced VAT by 5% and 9% in power consumption”, said Petrides.Petrol and oil tax will be reduced by 7 cents per litre, reaching 8.3 cents per litre (VAT included) and the heating oil tax will be reduced by …
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