Parliament raises excise duties on fuel

Parliament raises excise duties on fuel

Ukrinform
The Verkhovna Rada of Ukraine has adopted as a whole draft bill No. 11256-2 on making amendments to the Tax Code of Ukraine regarding the implementation of the provisions of the EU law on the excise tax.

The relevant statement was made by Member of Parliament Yaroslav Zhelezniak (from the parliamentary faction ‘Holos’) on Telegram, an Ukrinform correspondent reports.

A total of 231 Members of Parliament voted in favor of this document.

Draft bill No. 11256-2 provides for a gradual rise in the excise duties on different fuels before January 1, 2028. The transition period will start from September 1, 2024.

Eventually, prices will increase to EUR 359 per 1,000 liters for gasoline, EUR 330 per 1,000 liters for diesel fuel, and EUR 250 per 1,000 liters for liquefied gas.

A reminder that earlier the Ukrainian Agribusiness Club (UCAB) appealed to the authorities to postpone amendments to the Tax Code related to the excise duties on fuel.

Photo: Santmyer

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