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Marinakis: Price Cuts Will Reach Store Shelves From Aug. 31 Through National Price Reduction Initiative
🇬🇷 Greece /Economy & Trade

Marinakis: Price Cuts Will Reach Store Shelves From Aug. 31 Through National Price Reduction Initiative

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Government spokesman Pavlos Marinakis said the fuel subsidy would continue through September at 10 cents per litre, including VAT, across the retail network.
  • The measure carries an estimated fiscal cost of 30 million euros.
  • Marinakis said price reductions under the National Price Reduction Initiative would begin reaching store shelves from Aug. 31.

Price reductions under Greece’s National Price Reduction Initiative will begin reaching store shelves from Aug. 31, government spokesman Pavlos Marinakis said.

Opening a briefing for political reporters, Marinakis also announced that the subsidy for motor fuel would continue throughout September. The support will amount to 10 cents per litre across the retail network, or 8 cents before VAT.

The government estimates the fuel measure will cost 30 million euros. Marinakis presented the continuation of the subsidy alongside the initiative to reduce prices in stores.

It was announced by the Ministry of National Economy and Finance that the subsidy for motor fuel across the network will continue for September at 10 cents per litre, 8 cents plus VAT, with an estimated fiscal cost of 30 million euros.

— Pavlos MarinakisThe Greek government spokesman described the continuation of the fuel subsidy during a briefing for political reporters.
About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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