aA
Lithuania's excise duty on diesel fuel will rise next January and a hike in the tax on tobacco products will follow in March.
Diesel fuel, cigarette prices set to rise in Lithuania next year
© Shutterstock

The Seimas on Tuesday passed the respective amendments to the Law on Excise Duties in a vote of 60 to six with 12 abstentions.

The excise duty on diesel fuel will grow to 347 euros per 1,000 liters, from 330.17 euros, and that on diesel fuel used by farmers will go up to 56 euros, from 21 euros.

The Finance Ministry plans that the excise hike will increase the price of the usual diesel by around 2 euro cents and that of fuel for farmers by some 4 cents.

Natural gas used by vehicles will not be subject to VAT starting next year, a measure that the Finance Ministry says will cost the budget around 100,000 euros.

The minimum excise duty rate for cigarettes will next March increase by 5.4 percent to 59 euros and the combined excise duty rate will rise by 6.7 percent to 96 euros per 1,000 cigarettes. The rate for cigars and cigarillos will go up by 12.1 percent to 37 euros.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Air Baltic launches flights from Vilnius

Air Baltic launched flights between Vilnius and the Croatian resort of Dubrovnik on Monday.

Lithuania gives the green light to large-scale investors with sweeping reforms (1)

The Parliament (Seimas) of the Republic of Lithuania has adopted a package of investment and corporate...

Maritime cluster has been founded in Lithuania

The business and educational organizations in Klaipeda are joining forces to develop the Lithuanian...

Public authorities getting closer to compromise on natl development bank

Lithuania’s public authorities are getting closer to a compromise on the establishment of a...

Top news

Media watchdog bans Russian broadcaster RT (1)

The Radio and Television Commission of Lithuania (LRTK) on Wednesday banned Russia's broadcaster RT...

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Self-isolation required for arrivals from 58 worst hit countries

The Ministry of Health has updated the list of countries most affected by coronavirus infection...

10 new coronavirus cases

On Tuesday, 10 new COVID-19 cases were confirmed in Lithuania. All of them imported or from already...

Vilnius centre becomes art gallery

Lithuanian capital Vilnius has turned its centre into an open-air art gallery . The outdoor...

|Maža didelių žinių kaina