Higher excise on petrol, alcohol and coffee

Serbian government has carried out a regular annual leveling of excise with the consumer price index for 2016, and has raised this charge between 0.5 to 2 Dinars, depending on the product.

This decision, adopted by the government on 31st January, affects oil derivatives, leaded and unleaded petrol, liquid petroleum gas, coffee, alcoholic beverages (including beer), and cigars / cigarillos.

The Ministry of Finance has posted new excise on its website. For instance, the excise on unleaded petrol now stands at 53.34 dinars per litre, and 125.98 dinars per litre of fruit brandies (rakija) and wine.

The President of the Association of Oil Companies of Serbia, Tomislav Micovic says that higher excise on oil derivatives will increase the operating costs of oil companies in Serbia, and adds that the growing prices of oil derivatives in Serbia are due to the growing global price of oil. From 1st December until today, the global oil price went up by 16% which led to the 7% hike of the retail price of petrol, and 6.5% hike of diesel price. Also, the fluctuating US dollar / dinar exchange affected the prices.

The new excise on beer is now 24.38 dinars per litre, raw coffee 85.75 dinars per kilogramme, 107.18 dinars per kilogramme of roasted coffee, and 22.58 dinars per piece on cigars and cigarillos.

(Vecernje Novosti, Blic, 01.02.2017)

http://www.novosti.rs/vesti/naslovna/ekonomija/aktuelno.239.html:647908-Vlada-Srbije-utvrdila-nove-akcize-na-naftne-derivate-pivo-rakiju-kafu

http://www.blic.rs/vesti/ekonomija/od-danas-vece-akcize-na-gorivo/mb0mhtx

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