Creditors reject 15 pct reduction on heating oil tax

Greece’s creditors are reported to have turned down the government’s proposal for a 15 percent reduction to the special consumption tax on heating oil and an increase in the number of heating allowances, according to sources, although the Finance Ministry has not confirm the news yet.

The ministry is now said to be preparing another proposal providing for the allowance to increase from 0.28 euros to 0.35 euros per liter, to be given to many more heating oil consumers based on their income, and for 25 percent of it to be paid in advance.

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