Petrol price drops to 14 kronor per liter after tax cut

The petrol price has dropped to 14 kronor and 14 öre per liter at stations in Jönköping. The government has temporarily cut the tax on petrol and diesel by 3 kronor per liter until 30 September.

Customers at petrol stations in Jönköping showed happy faces over the lower prices.

Sargon Gorkis from Jönköping said he had not planned to refuel today but changed his mind when he saw the price.

Pernilla Aronsson from Jönköping called the cut election bait but was still glad about the price reduction.

The reason is the government's decision to temporarily lower the tax on petrol and diesel by 3 kronor per liter until 30 September.

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German gas station at midnight displaying reduced petrol and diesel prices after the government's 17-cent-per-litre tax cut takes effect.
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Fuel tax cut on petrol and diesel takes effect

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The German government's fuel discount took effect at midnight. Taxes on petrol and diesel drop by about 17 cents per litre for two months. It remains unclear how quickly pump prices will reflect the cut.

The government's temporary reduction of the carbon tax from July 1 is expected to lower petrol and diesel prices by around three kronor per liter.

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A temporary reduction in taxes on gasoline and diesel in Sweden takes effect on Wednesday, which is expected to trigger a rush to the pumps especially from Norwegian customers.

Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.

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Oil firms confirmed price rollbacks effective 6 a.m. Tuesday, April 14, matching Department of Energy projections: diesel down P20.89 to P23 per liter, gasoline P4.43 to P4.50, and kerosene P8.50. The cuts end surges of over P100 on diesel since late February's Middle East crisis. President Marcos suspended excise taxes on LPG and kerosene, while a jeepney subsidy launches.

The black-red coalition has decided to let the fuel discount expire as planned on June 30. Faction representatives warned of possible price increases and announced swift countermeasures.

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The temporary reduction in the mineral oil tax has been in effect since May 1. Consumer prices for gasoline and diesel have dropped noticeably. Federal Finance Minister Lars Klingbeil expects the oil industry to pass on the relief in full and without delay.

 

 

 

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