At the end of March, the Saeima decided to reduce the excise tax on diesel fuel by 15.2% for three months – from April 1 to June 30 of this year. This could reduce the price of fuel by approximately 8.6 cents per litre, according to earlier estimates by the Ministry of Finance.
The excise tax on diesel fuel was reduced following a global rise in oil prices linked to the blocking of shipping traffic in the Strait of Hormuz due to the war in Iran.
Kučinskis noted that when U....