ECONOMY

Delayed heating oil subsidy ‘to be paid gradually’

The government is aware of the problem with the delay to the disbursement of the heating oil subsidy to hundreds of thousands of rightful recipients and will resolve it, stated government spokesman Gavriil Sakellaridis on Tuesday.

While heating oil rates are going up, in line with the rise of the dollar against the euro, subsidy recipients were supposed to receive on March 5 the next tranche of the state support meant to offset the rise of the special consumption tax on heating oil since 2012. However almost two weeks later the money has not yet been credited to recipients’ bank accounts.

Sakellaridis told Antenna television on Tuesday that the government will disburse the subsidy gradually. This is explained by the huge liquidity problem the government has been facing.

In fact there is another heating oil subsidy tranche scheduled for end-March, but that its timing is also put in doubt.

The sale of heating oil will end in May for this season.