Latvia Will Seek Solutions to Reduce Fuel Prices
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6 Articles
Several bills aimed at reducing fuel prices in the country are being submitted to the Latvian parliament. The decision was made on Wednesday by the parliament's Budget and Finance (Taxation) Committee, the Saeima press service reported.
Several bills aimed at reducing fuel prices in the country are being submitted to the Latvian parliament. The decision was made on Wednesday by the parliament's Budget and Finance (Taxation) Committee, the Saeima press service reported.
The Saeima Budget and Finance (Tax) Committee on Wednesday supported an even greater reduction in the excise tax rate on diesel fuel, as well as a reduction in the excise tax rate on gasoline.
Latvia and the Czech Republic recently announced that they are looking for ways to mitigate the impact of record fuel prices, while Estonia does not plan to lower excise duties. At the same time, 94 countries around the world have already implemented various measures to reduce consumers' energy costs.
EKRE has proposed that the government reduce fuel excise duty to alleviate high fuel prices, the Ministry of Finance sees no reason or opportunity to do so. At the same time, the government of our southern neighbor Latvia is discussing measures that would reduce the price of fuel by up to 20 cents per liter. These measures include the reduction of excise duties, the temporary abolition of reserve requirements and the requirement for biofuels. Ac…
The Latvian government is preparing measures to lower fuel prices, one of the most important of which is a reduction in fuel excise duty. According to Prime Minister Andris Kulbergs, the combined effect of the planned measures could reduce fuel prices by up to 20 cents per liter.
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