From Excise to VAT
One of the biggest components of the oil products cost is taxes. When oil prices fell to $ 30 per barrel, the share of taxes in the cost of 1 liter of gasoline became equal to the “oil” price. Currently, 42.7% of the retail price of gasoline and 35% of diesel fuel are for excise and VAT. While speaking about the wholesale price of diesel fuel, for which it is purchased by industry and large […]
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