For Stournaras, it's out of the frying pan and into the heating oil

PoliticsGreek Politics

With winter approaching, the subject of heating oil has become somewhat of a burning issue in the coalition government. One of the more contentious fiscal measures of the last three years was the decision to raise the consumption tax on heating oil last year to equal the levy on vehicle fuel. There is now a struggle within the Samaras administration over whether to roll back the tax.

The levy was raised after last year's elections with the aim of increasing revenue but primarily to tackle fuel smuggling, which was estimated to be worth 600 million euros a year in Greece. However, the hike led to the price of heating oil rising by ab...

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