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January 31, 2023

New price hike for diesel, starting January 1

The Ministry of Public Finance (MFP) plans to hike the excise duty on diesel starting January 1, 2012, in order to reach the level assumed by Romania in the accession negotiations with the European Union, ‘Capital’ magazine informs.

“In accordance with the period of transition granted to Romania, provided by the Treaty of Accession to the European Union, Romania must reach the level of excise duties for diesel fuel in 2013. This level is of 391 EUR/ton, respectively 330.395 EUR/1,000 liters,” reads the Explanatory Note that accompanies the draft emergency ordinance issued by MFP.

To make sure that they are on schedule with raising the level of excise duties, in line with the position document adopted during the negotiations of accession to the EU, authorities must increase them to 374 EUR/ton, respectively 316.03 EUR/1,000 liters, against the current level of 358.00 EUR/ton, respectively 302.51 EUR/1,000 liters, reads the note. Also in terms of excise duties, MFP plans to modify the excise duty payment deadline in the case of registered recipients, respectively the next working day after that when the excise duties become exigible, in order to lower the risk of excise duties not being paid. MFP expects to bring additional incomes worth RON 346.3 M to the state budget, by hiking the excise duties for diesel starting January 1, 2012, as provided by the draft modification of the Fiscal Code conceived by MFP. In 2012, excise duties for several categories of products will be kept at the same level as in 2011: raw coffee beans – 153 EUR/ton, roasted coffee, with or without additives – 225 EUR/ton, instant coffee – 900 EUR/ton. For the next year, MFP estimates incomes from excise duties for all the products subject to this tax, worth RON 21.18 bln, respectively 10.8 pc of the total incomes to the state budget.

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