ATHENS Feb 9 Greece expects to raise an
additional 934 million euros ($1.28 billion) in revenues from an
increase in fuel taxes this year, the Finance Ministry said in a
statement on Tuesday.
"The special tax on fuel is increased in order to boost
budget revenues by 934 million euros," the ministry statement
said. Deputy Finance Minister Philippos Sachinidis said earlier
this month the measure would raise around 1 billion euros.
The tax rise, which will take effect from Tuesday, will
bring Greece into line with European regulations. It will
increase the price of gasoline by 0.12 euros a litre and diesel
by 0.05 euros a litre, the statement said.