Romania would lose 5 billion lei from excise duties in 2020 as a result of the reduction of fuel consumption by 20%

Domestic fuel demand will be reduced in 2020 by about 20%, estimates the main employer organization of oil and gas producers, which will negatively affect not only the results of companies, but also revenues to the state budget. In April, excise revenues paid by the energy sector fell by more than 36%, according to Profit.ro. If the employer’s estimates are confirmed, the state’s excise revenues (+ related VAT) paid by the energy sector ...

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