The Finance Ministry expects growth of cost of gasoline for the year by 5% due to the increase of excise duty on fuel


MOSCOW, February 24. The Ministry of Finance expects growth of cost of gasoline for the year by 5% in case of increase of excise duty on fuel to $ 2 per litre from April 2016. This was stated by the Deputy Minister of Finance Yuriy Zubarev on the Federation Council Committee on budget and financial markets.

“The rise in gasoline prices until the end of this year will be within the consumer price index, will not exceed the consumer price index, and will be even below the consumer price index. Expect that price growth will be within these limits and will be about 5%,” said Zubarev.