Report: Govt to raise excise duties on gasoline, diesel fuel Jan 1 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Govt to raise excise duties on gasoline, diesel fuel Jan 1

MOSCOW, Aug 27 (PRIME) -- RussiaТs government has decided to raise excise duties on gasoline and diesel fuel by 3,700 rubles and 2,700 rubles per tonne, respectively, from January 1, 2019, Deputy Prime Minister Dmitry Kozak said in an interview with RBC on Monday.

УThe decision is made. The excise duties will be restored to the level planned from July 1Е They were reduced by 2,000 rubles and 3,000 rubles per tonne in June. A hike by 700 rubles per tonne (scheduled for July) was canceled. They will be restored in January,Ф he said.

Kozak said he expects no substantial rise in fuel prices in January as the government will be able to take some steps to keep the prices down.

УSimultaneously with the reduction of customs duties and increase of the mineral extraction tax, a negative excise for oil refineries will be introduced to act as a market tool to keep the internal fuel prices down,Ф he said.

He added that if the step is not enough, the government may impose temporary export duties on oil and oil products.

Fuel prices grew rapidly in Russia in April and May. The government had to cut the excise duties on gasoline and diesel fuel, and agreed with the largest oil companies to fix prices at the level as of May 30 while the government was working on measures to support the industry.

(67.7911 rubles Ц U.S. $1)


27.08.2018 12:08
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.0503 +0.2030 17 oct
USD 64.3455 +0.0907 17 oct
Stock Market Indices
1D 1W 1M 1Y
rtsi 1347.43 +1.23 18:50 16 oct
micex 2744.35 +1.07 18:50 16 oct
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 225.90 -0.04 11:35 16 oct
lkoh 5605.50 +0.07 11:35 16 oct
rosn 413.05 +0.34 11:35 16 oct
sber 229.58 +0.08 11:35 16 oct
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.9000 +0.0600 14:59 16 oct
USDTD 64.2500 +0.1400 17:44 16 oct