President signed law extending reduction of fuel taxes

The President of the Republic Nikos Christodoulides has already signed the law extending the reduction of fuel taxes until May 4, 2023, following the approval of the relevant bill today, by the House Plenary.

An announcement by the Presidency says that the law will come into force tonight, after the publication in the official newspaper of the Republic, the Cyprus Gazette.

Earlier on Thursday, the House Plenary voted unanimously for the law with effect from March 3 to May 4. The relevant bill was submitted to Thursday's Plenary and was declared urgent, while it was previously debated in an extraordinary session of the Parliamentary Finance Committee.

During the discussion at the Plenary MPs noted that they expect and demand the competent government services to be able to implement the law from midnight.