Estonia, Latvia and Lithuania are coordinating cuts to excise taxes on fuel after energy costs surged due to conflict in the Middle East, the Latvian Finance Ministry said in a statement.
- Latvia’s government is considering a 15% cut to excise taxes on retail sales of diesel fuel for April 1 to June 30.
- Without the cuts the higher fuel prices will cost about €50 million ($58 million) more a month for the Latvian economy
- NOTE: Estonia Scraps
Fuel Tax Rise to Ease Pressure on Consumers: PM
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