State Duma Budget Committee recommended to increase excise taxes on gasoline and diesel fuel – Lenta.ru

State Duma Budget Committee recommended the lower house of parliament adopted on first reading a bill to increase from April 1, 2016 the cost of the excise tax on gasoline and diesel fuel. This was reported on Wednesday, February 24, TASS. The rate of excise duty proposed to raise to 2 rubles per a liter of gasoline. As a result of the fuel price will rise by about 5 percent.

As noted at the committee meeting, Deputy Finance Minister of Russia Yury Zubarev, a rise in prices “will be lower than inflation.” He added that the increase in the excise tax on gasoline – one of the measures to increase the revenue side of the budget in a difficult economic situation

15:01 February 16, 2015

«This measure is aimed primarily at the completion of budget revenues. At current oil prices, lost income estimate of 1.5 trillion rubles, which is a significant amount. Therefore sought every opportunity to mobilize revenues “, – he said

According to the explanatory note, the excise tax on gasoline fifth grade, operating from 1 April to 31 December 2016, amount to 10130 rubles per ton.. The rate of excise duty on diesel is proposed to increase by 1 ruble per 1 liter. As a result, the rate of excise duty on diesel, effective from 1 April to 31 December 2016 amount to 5293 rubles per ton.

Excise tax rates on middle distillates are invited to set equal to the excise tax on diesel fuel.

It is expected that the first reading of the bill will be considered at the plenary session of the State Duma next Friday, 26 February.

Additional revenues of the consolidated budget of Russia by increasing excise taxes on gasoline and diesel fuel may amount in 2016 to 89.3 billion rubles. This year, at the suggestion of the Ministry of Finance excise tax on fuel has already raised from January 1 bet on gasoline Euro-5 increased by 36.1 per cent, or 2 rubles to 7.53 rubles per liter, and diesel fuel – by 20.3 percent , to 4.15 rubles per liter. Last time twice per year, the excise duty was increased in 2013. According to Rosstat, in 2015 inflation in Russia amounted to 12.9 percent, gasoline prices rose by 4.8 percent.