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Saturday, April 20, 2024

Citizens run to gas stations in anticipation of increases – See prices by province

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    Increased traffic at gas stations ahead of return of consumption tax – The gas station owners ask that the prices should not be changed at midnight

    The traffic at was also increased on Saturdaygas stations in view of the end of the measure to reduce the excise tax from Monday, April 1st.

    As the President of the Gas Station Owners Association Savvas Prokopios reported to KYPE, in recent days there has been more traffic at the gas stations.

    “It's a matter of psychology. Of course, there is more traffic at gas stations. But if someone goes to the gas station now they will just benefit from the 8 cents per liter for one time,” he said.


    Note that with the removal of the discount on fuel excise duty from April 1st the increase amounts to 8.3 cents per liter on motor fuel and 6.4 cents including VAT on heating oil.

    At the same time, he said that in the next period of time, further increases are expected from the fuel companies due to the small increase in the price of oil in the international markets. Already, he noted, increases were imposed in the previous days and another increase of 2 to 3 cents is expected, depending on the increases imposed by each company. He also mentioned that the prices before the tax were taken were at slightly lower levels, while now they are at slightly higher levels.

    He added that the Association of Storekeepers had recommended to the competent Ministry that a formula be applied, so that if the retail price increases beyond €1.50 per liter, the state can intervene and remove the excise duty, even temporarily. He added that with the price increase, the amount collected by the state from VAT also increases, so the deduction of the special tax could be offset by this amount.

    They should not change the gas station owners demand midnight prices

    At the same time, Mr. Prokopiou expressed the intense discomfort of the gas station owners that the fuel price change will take place at 12.00 midnight on a public holiday, which forces petrol operators to come to their stations to make the change.

    He noted that petrol operators only have a few days. time to rest and it is practically difficult what is being done, forcing them to go to their gas stations at midnight and on public holidays.

    He said that they asked for the change to be made from April 2 and 6 in the morning , when the gas stations open, since many will not be able to go to their gas stations to make the changes due to the three days. He added that they also sent a relevant letter to the Director General of the Ministry of Finance “without a response”.

    He noted that for practical reasons the changes should be made either at 6 am the previous day, or at 6 am the following day. next one. He added that from 12:00 midnight to 6:00 a.m. the average gas station sells 100-150 liters and the loss to the state from the tax it would lose would not be particularly large.

    Source: cyprustimes.com

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