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What does the new increase in fuel excise taxes mean
... A column by Sergey Tereshkin for RBK Companies.
On October 22, 2024, the State Duma passed a package of amendments to the Tax Code in its third reading, which include changes to fuel excise taxes. According to the document, the excise tax on Euro-5 gasoline will increase by 14% starting in 2025 (from 15,048 to 17,088 rubles per ton), and on diesel fuel by 16% (from 10,425 to 12,120 rubles per ton).
The rise in excise taxes will contribute to higher costs for oil companies, which have already ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
... be able to increase their margin by inflating the exchange prices for one type of fuel while receiving subsidies for another.
It was previously reported that the government plans to change this rule by splitting the damping payments by fuel type—gasoline and diesel fuel (DF). Exceeding the maximum established price for one type of fuel will not affect payments for the other type.
The damping mechanism compensates part of the difference between the indicative fuel price set by the government ...
How to optimize subsidies for refineries.
... According to the Ministry of Finance, payments under the damper mechanism, reverse excise tax on oil, and investment surcharge for January-November 2024 reached 3.36 trillion rubles, surpassing the 2023 level by 15%.
While the damper is aimed at curbing gasoline and diesel prices, the other two types of subsidies are tied to the level of refinery modernization:
The reverse excise tax is intended for refineries where the output of oil products is at least 75% of the volume of crude oil processed.
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It became known about China's plans for the electrification of motor vehicles.
... intend to accelerate the electrification of transportation to offset losses from declining sales in the U.S. According to forecasts, by 2027, the share of electric vehicles in passenger car sales in China may exceed 70%. This will lead to a decrease in gasoline demand in the country in 2026-2027. Moreover, China has significant reserves of minerals essential for the "new" energy sector, which supports the development of the electric vehicle industry.
Moscow, January 23 - PRIME. Chinese companies ...
How Fuel Company "Resource" Works and Why Clients Choose It for Fuel Procurement
The Resource company is a reliable supplier of diesel fuel and gasoline with many years of experience and direct contracts with the largest oil companies. Providing timely delivery and full quality control, Resource offers convenient payment terms, including installments, and flexible logistics. With the help of ...