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Wednesday, March 21, 2018

“The government has launched the “petrol mower”: increase the excise tax on fuel”

Together with the onset of spring, Russians will rise in price of gasoline. In the coming months fuel prices will increase by at least $ 2. For a liter of AI-95 on average will have to pay about 40 rubles. The reason for the increase of excise duties. On 26 February the state Duma passed in three readings a bill increasing the tax on gasoline and diesel fuel from 1 April 2016. The document on the same day approved the Federation Council. Thus, it is planned to patch a hole in the budget. The Finance Ministry expects to receive additional revenues in the amount of 70 billion rubles. A considerable sum of money, if not to take into account that the budget deficit in 2016 is estimated at 6 trillion rubles. Could use the money in the coffers also from manufacturers of strong alcohol — tax increase to 500 rubles per liter to 523. However, only in 2017. However, in any case will have to pay ordinary citizens. According to experts, the minimum price of vodka again will be 220 rubles.

photo: Kirill Iskoldsky

Oil remains extremely cheap. In these circumstances, as a rule, the major world consumers and producers of “black gold” reduce gasoline prices. For example, in the U.S. a liter of fuel can be bought for 12 cents (10 rubles). In Russia, however, this rule does not work. On a separate Metropolitan stations for a liter of AI-95 already require 37-38 rubles. According to Goskomstat, the average price around the country AI-92 in January was 33,86 rubles per liter, AI-95 — 36,81.

The reason is the increase in excise taxes. I will remind, the Ministry of Finance proposal the tax on fuel this year already increased. From 1 January the rate of gasoline Euro-5 increased by 36.1%, or 2 to Actually RUB 7,53 rubles per liter, and for diesel fuel — by 20.3% to 4.15 rubles. per liter.

But this is not the limit. From 1 April the rate of excise duty on petrol increases by 2 rubles per liter (10 to 130 thousand rubles per tonne), diesel fuel — by 1 ruble. per liter (5 to 293 thousand rubles per ton).

“The proposed additional increase in excise taxes is one solution among others to mobilize revenues of the Federal budget. According to preliminary estimates, if the current global prices for energy and at the current exchange rate of the ruble to the end of the year, the volume of shortfall in income may exceed 2 trillion rubles,” — said Deputy Minister of Finance Yuriy Zubarev.

As predicted, “MK” analyst GC Forex Club Irina Rogova, as a result of increasing excise tax average gasoline will rise in price on 2 roubles. “The price of AI-92 will increase by 5.9%, and AI-95 — by 5.4%,” — says the expert.

“Maximum possible increase in prices due to excise tax will be within the projected level of inflation, namely 7-8% — promises Zubarev. — The maximum negative effect on the level of retail prices will occur only if the manufacturer will fully pass this increase on to the consumer”.

In practice, this happens. The government’s desire to remove extra cream with oil eventually hits the pockets of the population. Last year we also promised that inflation will not exceed 6,7%, however, according to Rosstat, in 2015 prices soared by 12.9%. While gasoline prices rose by 4.8%.

Therefore, experts warn that by the middle of this year the fuel price risk to reach 50 rubles per liter.

In addition, will devastate the already shrinking wallets of Russians increased excise taxes on alcohol. However, only in the coming year. However, the first step is the hardest. So, from 1 January 2017 it is planned to increase the excise on strong alcohol to 500 rubles per liter to 523. As experts explain, the authorities do not hurry with the tax increase due to the growth of counterfeit products in the market. Here and thinking the officials, about how to regain the lost excise money. For this unified state automated information system (USAIS) expanded. According to it, all the links of alcohol chain should be transparent and controlled by the government: a manufacturer of alcohol — distillery — wholesaler-supplier — shop — cash unit. From January 1, 2016 wholesalers already record sales in the system, and from 1 July will finally connect retail and catering. In other words, when EGAIS will earn in full force, and excise taxes to raise — the money will flow straight to the Treasury.

But the vendors, as usual, will take it out on the consumers. According to experts, in the result of the cheapest vodka could rise from the current 185 rubles up to 220-230.


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