State shells out €17m in fuel subsidies in two weeks | News

Some companies are eligible for retroactive subsidies for fuel costs last spring. The application window remains open for an additional two weeks.

Fuel prices have stabilized since their early summer hike. Photo: Markku Pitkänen/Yle

On Wednesday, the government treasury announced that companies in the transportation and work machinery sectors received around €17 million in fuel subsidies over the past two weeks, around the middle of the order window period.

The fuel subsidy is intended to offset the sudden increase in fuel prices since Russia’s invasion of Ukraine in February.

The online application system has been open for two weeks, and will be available until the end of November.

Almost 6,000 companies applied for support in the first two weeks, with compensation amounts averaging 3,700 euros, according to the state treasury.

Ninety-three percent of the applications processed resulted in positive decisions.

The temporary fuel subsidy is targeted at carriers that manage road transportation of goods or passengers and other companies that operate oil-fired machinery, according to the Treasury’s website.

It retroactively covers the period from last February to April, equivalent to five percent of fuel costs for these three months.

Applications must be submitted by 4.15pm on Wednesday 30 November.


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