International prices will also determine the scope of the diesel subsidy
In its restoration measure of the diesel subsidy, probably from November 1, the government is proceeding according to exclusive information from SKAI and its Elena Laskari.
The government is weighing the fiscal margins, and is preparing to intervene, with the most likely time point for the measure to come into force on November 1st. International prices will also determine the extent of the subsidy. The base case scenario is at least 15 cents a litre, but the subsidy could be higher if prices drift further. The measure will apply to all consumers, with no scenario for a reduction in Excise Tax.
As far as the possibility of a new Fuel Pass is concerned, at this stage the chances are slim, but developments in international markets they will also judge the final decisions.
For heating oil, refineries and trading companies dropped the price more than the forecasts at the beginning of the week, but the paradox remains that in our country natural gas is cheaper than oil, when the international trend is to restrain consumption of natural gas.
In this light, the government is reviewing the gas subsidy for November, and it is possible that we will have a reversali.e. lower subsidy.
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I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.
