Is petrol or diesel being subsidized in your country? What is the price of petrol and diesel per litre in your country? Do you think it should be subsidized?
In the United States, producers of clean fuel get “blender’s credit” subsidies for producing ethanol. . The federal government gives a tax incentive called the Volumetric Ethanol Excise Tax Credit, which took effect in 2005.
In the United States, producers of clean fuel get “blender’s credit” subsidies for producing ethanol. . The federal government gives a tax incentive called the Volumetric Ethanol Excise Tax Credit, which took effect in 2005.
Very subsize fuel in Uganda because it is imported via Kenya ports by the time it reaches the country, it is very expensive.
There is no support and the price of a liter 800 Iraqi dinars per liter
It is the main conflecting problem in my country Iraq.
Vygon experts explain that all oil refining in Russia is subsidized by the state at the expense of "customs subsidies" - in fact, for plants it is the difference between export duties on oil and petroleum products. In 2016, it took about 646 billion rubles from the budget. However, in the case of gasoline, this effect completely covers the excise tax, which leads to an increase in the price. Excise taxes were increased in 2016.
"The excise duty is completely shifted to the end user",
In Saudi Arabia they provides Oil, Petrol and Gas to whole world. Before 2018 Petrol was subsidized by Government but in 2019 they have increased the price of Petrol to International market to Triple rise in Price and thats Awful.
Regards
In Italy, the average price of petrol is 1.67 euro / l, while for diesel is 1.60 euro / l.
Prices are not subsidized, but they are monstrously burdened with taxes, called "accise", which account for more than 50% of the final price.
Therefore, there is no need to subsidize the price of gasoline, but to break down (if not eliminate) the "accise".
Petrol and Diesels are not subsidized price in our country.
Compared to the standard of life, it is expensive but perhaps some subsidy exists that needs to be explored in greater detail. After all, people drive cars more than ever, demand leads to a rise of price when supply is not able to meet demand easily.
Petrol is N$10,99 per litre, Diesel 500ppm N$10,82 per litre and diesel 50ppm N$10,92 per litre
Actually not In India.
Though Government give some subsidy on diesel. Almost 50% of petrol price is due to various kind of taxes by Central and state government. Government can not let go these taxes as Petroleum taxes are one of the main source of revenue for State governments.
No. In Poland vehicle fuel is not subsidized. On a contrary, gasoline taxes are one of the important sources of revenue for the state budget. At present the share of various taxes in average price of gasoline 95 is around 55%. In these circumstances is hard to talk of gasoline subsidization.
The average price of petrol 95/98 is today around 4.80 PLN/l [$1.25 per litre] and average price of diesel is today around 4.60 PLN/l [$1.21 per litre].
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