Corresponding regulatory framework is under development
Ministry of Infrastructure of Ukraine announces of its joint efforts with Ukravtodor (State Road Service of Ukraine) in developing mechanisms to increase excise taxes on fuel and petroleum products.
In particular, the agencies aim to increase proceeds to the road fund, which will allow for increased financing of road construction and improved road infrastructure.
Excise duties will increase gradually in several stages. Experts believe that Ukrainian duties should equal the average European (€466 per ton of petrol and €375 per ton of diesel oil).
