Mar 11 • 09:17 UTC 🇬🇷 Greece Naftemporiki

What measures, with 70% of gasoline being taxes?

The article discusses the heavy taxation on gasoline in Greece and the government's measures to address the rising fuel prices in light of international conflicts.

The article highlights the significant burden of taxation on gasoline prices in Greece, where taxes account for approximately 65% to 70% of the retail price of fuel. This high tax rate, including an excise tax and a VAT of 24%, has been exacerbated by the recent increase in international oil prices following conflicts such as the war in Ukraine. The author criticizes the government's measures, like fuel passes and food aid provisions, as insufficient and lacking in genuine solutions to the economic pressures facing Greek citizens.

Additionally, the article points out the irony of the situation, where the government appears to benefit from rising fuel prices through increased tax revenue while failing to alleviate the financial strain on consumers. The ongoing discussions in the Eurogroup about economic measures offer little consolation for citizens dealing with these high costs, stirring up frustration and skepticism regarding the government's commitment to addressing their needs.

In essence, this piece illustrates the delicate balance between government revenue generation through taxation and the economic realities faced by citizens amid global events. It suggests a growing discontent among the populace regarding the effectiveness of the government's fiscal strategies, calling into question whether they truly prioritize the welfare of their citizens or simply maintain a reliance on taxing essential fuels.

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