US EditionToday in Norway: A Roundup of the Latest News on Monday
22 Articles
22 Articles
Norway will temporarily lower taxes on gasoline and diesel in response to rising prices as the war in the Middle East disrupts global energy supplies, the government announced today. Starting April 1, taxes on gasoline will be reduced by 4.41 Norwegian kroner (56.6 Icelandic kroner) per liter and on diesel by 2.85 Norwegian kroner...
Norway cuts petrol, diesel taxes over Mideast
Norway will temporarily slash its taxes on petrol and diesel to counter rising prices as the Middle East war disrupts global energy supplies, the government said Monday. As of April 1, the tax on petrol will be reduced by 4.41 kroner ($0.41) per litre and that on diesel by 2.85 kroner ($0.29) per litre, the […] The post Norway cuts petrol, diesel taxes over Mideast appeared first on Insider Paper.
On 1 April, taxes on petrol and diesel in Norway will be reduced, making it cheaper for consumers. The adjustment is temporary, and will be valid until 1 September. Then the intention is that the taxes will again be the same as now. This is stated in a press release by the Norwegian government. It is expected that the campaign will result in a decrease in the country's revenues of NOK 3.3 billion, which corresponds to NOK 2.2 billion in Iceland…
Minister of Finance Jens Stoltenberg has commented on the follow-up to the decision to reduce fuel taxes.
The government announces tax cuts from April 1, while the Minister of Finance says that they are concerned about not spending too much money because then interest rates could be pushed up even more.
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