“The government agreed to raise the excise tax on fuel

The increase will be unscheduled and will take place in two stages

Photo: panthermedia/vostock-photo

– Budget meetings, the government decided to further raise excise taxes on fuel, reported “Vedomosti”.

According to sources the newspaper, the increase will be in two stages – from 1 January and 1 July. Both times, the price will increase by 50 cents per liter. The Tax code provides for the indexation of excises for inflation at 4%: not more than 30 cents for petrol and no more than 23 cents for diesel fuel.

Экономика24 Aug 2017Рост gasoline prices in Russia from the beginning of the year has outstripped inflation by more than 2 to resucitate read more

As told by Federal officials, the increase will bring the budget up to 60 billion rubles. It was assumed that indexing fees for inflation would add 25 billion roubles. According to them, the decision to increase excise duties is unlikely to change, but may be postponed before the presidential election.

In August it became known that the growth of gasoline prices in Russia outpaced inflation by about two times.

Earlier, the Chairman of the Federation Council Valentina Matvienko supported the idea of abolition of the vehicle tax in case of increase of excise tax on gasoline. In her opinion, it would be a good measure for the support of pensioners and veterans who use the car in warm time of the year.

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