According to the Ministry of Economy, fuel prices in Ukraine were lower on March 18. Now diesel fuel costs UAH 5 cheaper (reduction from UAH 44.90 to UAH 39.96 per liter). Gasoline is more than UAH 7 cheaper (reduction from UAH 43.52 to UAH 35.76 per liter).
This was due to timely decisions made by the Government and Parliament. The Verkhovna Rada passed a government bill to abolish the excise tax on fuel and reduce the VAT rate from 20% to 7%.
“Thus, we achieve a balance when the price is reduced due to a radical reduction in taxes. Thanks to this, we will be able to accumulate enough resources for the sowing campaign and transportation of critical cargo, including food. Available fuel will activate a number of economic processes that will bring Ukraine closer to victory,” the statement of the ministry reads. (Government portal/Business World Magazine)
