Excise taxes on gasoline and diesel fuel are set to rise sharply in 2027–2029

A draft tax policy proposes a sharp multi-year increase in excise duties on petroleum products starting in 2027, with different rates planned for gasoline, diesel, liquefied gas and fuel oil. The changes are tied to fiscal and environmental objectives, and the full proposal includes the exact trajectory of the new rates through 2029.

Excise taxes on gasoline and diesel fuel are set to rise sharply in 2027–2029

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