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Home Economy

Automated coupon has come to an end. Maad supplies expire on Saturday – Economy

Ursula Curtis by Ursula Curtis
April 30, 2022
in Economy
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Automated coupon has come to an end.  Maad supplies expire on Saturday – Economy
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The automated voucher was launched in November and is expected to run for five months, through March, with a refund of 10 cents per liter of fuel up to a maximum of 50 liters.

To take advantage of this measure, consumers only had to register on the IVAucher platform.

Without a minimum consumption requirement, the automatic coupon redemption was paid from the first supply of the month, provided that the amount unspent in a given month (five euros) accrues with the following month(s) of the month(s). (s).

In the face of rising fuel prices, especially after the Russian invasion of Ukraine, the government decided to increase subsidies per liter in March and April from 10 cents to 40 cents, increasing the monthly payment from five to 20 euros.

This boost led to more coupon subscribers, registering over 300,000 new subscriptions in the two weeks following the announcement of the monthly value increase.

According to the rules of procedure, the compensation of a person who joined in March, but only used the feature in April, is up to 40 euros.

As for members during the month of April, the total entitlement is €20, being today the last day to purchase fuel and they are still entitled to the subsidy, if this is the first supply of the month.

Data released on Friday by the Ministry of Finance indicates that the value of refunds to consumers through the automated voucher has already reached 124.4 million euros, with the action currently registering 314,491 affiliates.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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