The excise tax on diesel fuel is set to be reduced starting from April 1.
The rise in diesel fuel prices continues, and if this process is not stopped, it will severely impact the national economy and reduce economic growth. This acknowledgment was made this evening during a live broadcast on Latvian TV in the debate show "Kas notiek Latvijā?" by Minister of Finance Arvils Ašeradens and Minister of Economics Viktors Valainis. The latter also announced that starting from April 1, there are plans to reduce the excise tax specifically on diesel fuel, the price of which is dramatically increasing.
The excise tax is planned to be reduced by 10%, 15%, and even 35%, depending on the current price of diesel fuel. The goal is to ensure that the price does not exceed 1.80 euros per liter. Analysts have calculated that if the price exceeds this "maximum," negative consequences begin for businesses, the economy as a whole, and all residents, as this already leads to a significant rise in inflation.
The head of the Ministry of Finance, Arvils Ašeradens, suggested that this geopolitical crisis will last not for a week, not for three weeks, but for quite a long time.
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