Excise duty on diesel to increase by BGN 15 per 1,000 litres in 2013

A day after Finance Minister Simeon Djankov announced that taxes will remain the same in 2013, he changed his position. Next year, the excise duty on diesel will increase by BGN 15 per 1,000 litres – from BGN 630 to BGN 645. The increase has been planned in the schedule for the gradual increase of excise duties on fuels, agreed with the European Commission. By the end of 2013, Bulgaria should reach the EU's minimum levels.

The higher excise duty on diesel will result in a price increase of the fuel at filling stations by BGN 0.01-0.02 per litre more than projected by Djankov, because VAT is also charged after calculating the excise duty. Thus, the price increase will add up to BGN 0.02-0.03 per litre.

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