DIESEL MINIMUM EXCISE RATES SHOULD INCREASE SAY MEPS
February 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Parliament's economics committee has called for the European Union's (EU) minimum rate of excise duty on diesel to be raised to that for unleaded petrol: from the current Euro 302/1,000 litres to Euro 359/1,000 litres by 2015, with Latvia, Lithuania, Poland, Bulgaria and Romania having until 2016. The existing differential "distorts the market", said MEPs, who were debating a current review of EU excise duty rules.
If this advice is heeded by the EU Council of Ministers, countries who would be forced to increase diesel ...
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