Af­ter ex­cise tax re­form, petrol in Riga be­comes the most ex­pen­sive in Baltic States

Baltic News Network - - Front Page -

Fol­low­ing the in­crease of ex­cise tax for fuel in Riga, 95th brand petrol be­came the most ex­pen­sive in Baltic States in the first week of 2018.

Petrol price was the high­est in Riga in the first week of 2018. Petrol was slightly cheaper in Tallinn, whereas the cheap­est petrol was found in Vil­nius. The high­est price for diesel fuel was found in Tallinn and the low­est – in Vil­nius.

Com­pared with the first week of the pre­vi­ous year, fuel price rise was ob­served in all Baltic States. 95th brand petrol cost 4.8% more in the first week of 2018 than it did in the same week of last year.

The price in Tallinn was 3.9% higher and in Vil­nius it was 4.2% higher.

Diesel fuel price in Riga was 4.2% higher, in Tallinn it was 5.1% higher and in Vil­nius – 5.4% higher.

Fol­low­ing the ex­cise tax rise, the price of 95th brand petrol at Cir­cle K petrol sta­tions in Riga has in­creased 4% – to 1.262 EUR/l, whereas the price of diesel fuel in­creased by 3.3% – to 1.182 EUR/l when com­pared with the last week of 2017.

In Vil­nius, the price of 95th brand petrol at Cir­cle K petrol sta­tions was 1.214 EUR/l, which is 0.5% more than fuel cost last Fri­day. Diesel fuel price has grown 2.3% and has reached 1.133 EUR/l. At the same time, the price of 95th brand petrol in Tallinn has grown 0.6% – to 1.256 EUR/l. The price of diesel fuel has also grown 0.6% – to 1.276 EUR/l.

The price of au­to­gas re­mained un­changed only in Riga, where it was 0.545 EUR/l. In Tallinn the price has grown 8.3% (to 0.649 EUR/l). In Vil­nius the price has de­clined 0.2% – to 0.56 EUR/l. As it is known, start­ing from 2018 the price of fuel in Latvia pro­por­tion­ally con­sists of ex­cise tax (around 35%), VAT (around 17), re­tail trade and petrol sta­tions’ main­te­nance costs (7%), state manda­tory re­serves stor­age fee (around 1%) and fuel value (around 40%). The lat­ter is af­fected by oil prod­ucts’ ex­change.

Pan­therMe­dia/SCANPIX

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