The government of the day will consider a proposal to increase the excise tax on fuel

MOSCOW, September 18. /TASS/. The government of the day will consider the Finance Ministry’s proposal to raise the excise tax on fuel in 2018 at 50 cents per litre from 1 January and 1 July, told reporters Finance Minister Anton Siluanov.

“Yes, indeed, such proposals were prepared. The money will be spent on the development of the road network, primarily in the Crimea, in Kaliningrad and in the Russian Federation. Today will be considered by the government,” the Minister said, answering the question about the possibility of raising the excise tax on fuel by 50 cents per litre from 1 January and 1 July 2018.

From 1 June 2016, Russia has changed the standards of distribution of revenues from excise duties on petroleum products. So, in the Federal budget such income received at the rate of 12%, in budgets of subjects of the Russian Federation – at the rate of 88%. Prior to that, 100% of proceeds from excise taxes on petroleum products (gasoline, naphtha, diesel fuel, engine oils for diesel and carburetor (injector) engines) were enlisted in regional budgets.

At the end of 2016 was adopted the law on amendments to the Tax code providing for including the change of rates of excises on fuel. So, according to the document, the excise rate on car gasoline 5 th grade will increase from the current 10 130 rubles per ton to 10 of 535 roubles per tonne in 2018 and up to 10 957 rubles in 2019. For diesel fuel, the law sets the rate of 6 800 rubles in 2017, 7 072 ruble in 2018 and 7 335 rubles in 2019. The increase will also affect the rate of excise duty on middle distillates with the current rate of 5 293 rubles per ton up to 7 800 rubles in 2017, 8 112 rubles in 2018 and 8 436 rubles in 2019.