Government Wants to Raise Excise Duty on Gasoline by nearly 40%

The Cabinet of Ministers has proposed to the Verkhovna Rada to increase the excise duty on motor gasoline by 37.9%, from EUR 132 to EUR 182 per ton, starting 2011. This is stipulated in the draft Tax Code registered in the parliament.

In general, the government proposed increasing excise rates on oil products, in particular, on aviation gasoline and jet fuel from EUR 20 to EUR 28 per ton, on diesel fuel with a sulfur content exceeding 0.2% from EUR 65 to EUR 90 per ton, with a sulfur content of 0.035-0.2% from EUR 50 to EUR 69 per ton, with a sulfur content of 0.005-0.035% from EUR 45 to EUR 62 per ton, and with a sulfur content of less than 0.005% from EUR 30 to EUR 42 per ton.

The Cabinet of Ministers also proposed increasing the excise duty on fuel oil by 40%, from EUR 30 to EUR 42 per ton. In May 2010, the Verkhovna Rada increased the excise duty on motor gasoline for cars by 20%, from EUR 110 to EUR 132 per ton.
Resource: http://bit.ly/b4tKRJ