Refueling a lot more expensive from 1 July due to the reduction in excise duty

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Refueling a lot more expensive from 1 July due to the reduction in excise duty

Refueling will be a lot more expensive from 1 July. The cabinet will no longer extend the temporary discount on fuel excise duties, say sources from The Hague.

A liter of petrol will therefore become 13.8 cents more expensive on 1 July. The petrol price then creeps towards 2.15 euros per litre. Diesel rises by 9.9 cents per liter and LPG by 3.2 cents. These rates are based on a phase-out table that the government itself communicates. This is done in two steps, so you can expect another increase from 1 January 2024. Without any concession, petrol would be no less than 22.5 cents more expensive than it is now. For diesel that is 15.5 cents and for LPG 5.3 cents.

In March 2022, due to the high energy prices, the government decided to accommodate citizens with an excise duty discount. This measure was extended for another six months on 1 January. The cabinet is currently faced with the choice of keeping excise duties low for longer, but none of the government parties has so far made that suggestion in the negotiations on the spring memorandum, government circles say. This means that excise duties will automatically increase on 1 July.

This is not entirely strange: the cabinet is dealing with major setbacks. Due to the higher interest rates, the state has to spend more money on loans, billions more must be allocated for the reception of asylum seekers and compensation must be made for the people of Groningen because of the earthquake damage. The reduction in excise duty cost the government 42 million euros on an annual basis.

– Thanks for information from Autoweek.nl

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