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Russian Finance Ministry Proposes to Hike Excise Duties on Car Fuel

© Sputnik / Alexey Kudenko / Go to the mediabankMoscow Kremlin
Moscow Kremlin - Sputnik International
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The Russian Finance Ministry proposed to increase excise duties on gasoline by 2 rubles ($0,025) and diesel by 1 ruble, starting from April 1, to raise the state budget, Finance Minister Anton Siluanov said Saturday.

MOSCOW (Sputnik) — According to Siluanov, such a move would add 80 billion rubles ($1 billion) to the state budget in 2016.

“On diesel and gasoline. Two rubles on gasoline and 1 ruble on diesel. This should not affect the prices for customers,” Siluanov said.

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