Sunday October 26, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Dramatic drop in fuel tax revenues

Greece is earning fewer revenues from gasoline taxes than it did in 2009, before the crisis struck and taxes were hiked, customs officials revealed on Thursday.

Speaking at a conference in Thessaloniki, the head of the Federation of Customs Officials, Dimitris Tribonias, said that Greeks have been using their vehicles less as a result of the crisis and the subsequent drop in purchase of gasoline has hit tax revenues.

In terms of revenues, the Greek state finds itself where it was before it hiked the special consumption tax on fuel, he told the audience.

The tax, introduced in February 2010, increased the price of gasoline by 0.12 euros a liter and diesel by 0.05 euros a liter. At the time, the government was hoping that it would bring in an extra 934 million euros per year for state coffers. The tax hike made gasoline in Greece one of the most expensive in Europe.

When compared with 2010, the fall in gasoline consumption is greater than 30 percent, said Tribonias. There has been a similar fall in demand for heating fuel.

He added that revenues from the special tax on gasoline had reached 100.9 million euros last year but in the first six months of this year did not surpass 25 million euros and may come in even lower for the second half of 2012. Tribonias said that the revenues from the levy on gasoline in 2004 had been 907.8 million euros, despite the tax being lower then.

The conference heard that as a result of the drop in fuel purchases, about 2,200 of a total 8,500 gas stations around Greece have closed. There are fears that another 2,000 may shut down soon as they are no longer breaking even.

ekathimerini.com , Thursday Jul 12, 2012 (22:32)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greeces lenders seem adamant that govt must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greeces lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeces lenders seem adamant that govt must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Samaras pledges action after flash floods in Athens
4. Greeces lenders seem adamant that govt must act on bailout commitments
5. Nicosia says reforms are bringing results
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeces closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.