Prime Minister Christian Mickoski announced that the government plans to implement additional measures in response to the sustained increase in crude oil prices. He indicated that the administration is currently analyzing whether these forthcoming measures will be targeted or general in scope, drawing comparisons to past interventions. One potential measure under consideration is a successive reduction of the Value Added Tax (vat) applied to fuels.
Mickoski stated that the government possesses the necessary legal authority to enact such steps, particularly following the declaration of a state of emergency across the entire territory. He noted the evolving situation, stating, “We are following the situation. While the government has already taken measures by reducing a portion of excise taxes on gasoline and diesel, unfortunately, prices in international markets are rising.”
The Prime Minister further elaborated that global market conditions are a primary concern.
He pointed to the fact that oil prices are once again nearing the psychological threshold of $100 per barrel, citing the intensifying military conflicts in the Persian Gulf as a key contributing factor to the volatility. The announcement signals a proactive stance by the administration to mitigate the economic impact of rising energy costs on the populace, utilizing its existing legal frameworks to adjust taxation and subsidies.
Topics: #government #vat #oil
