Is Russian government rising fuel prices?

Is Russian government rising fuel prices?

The Russian government has decided to raise excise taxes on diesel fuel by 0.5 ruble per liter in two phases - from January 1st and July 1st, the Vedomosti newspaper reported.

The decision was made at the Cabinet meetings, federal officials said, explaining that although the decision was "preliminary," it is unlikely to be changed.

According to the newspaper, the initiative belongs to the Russian Ministry of Transport. Vedomosti added that the expected increase is much higher than prescribed by law.


Vestnik Kavkaza

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