The European Council has adpted a new directive fixing minimum rates of excise duty on fuels and power. Entry into force is on January 1, 2004.
The European Council has adpted a new directive fixing minimum rates of excise duty on fuels and power. Entry into force is on January 1, 2004, although there are a series of reliefs and concessions available in specified circumstances. The minimum rates are:
Motor fuels
Petrol - 1000 l. € 421
Petrol unleaded - 1000 l. € 359
Diesel - 1000 l. € 302
Kerosene - 1000 l. € 302
LPG - 1000 kg € 125
Natural gas - gigajoule € 2.6
Industrial or commercial usage
Diesel - 1000 l. € 18
Kerosene - 1000 l. € 18
LPG - 1000 kg € 36
Natural gas - gigajoule € 0.3
Fuels for heating and power
Diesel - 1000 l. € 21
Heavy fuel oil - 1000 kg € 15
Kerosene and LPG nil
Natural gas, coal and coke - gigajoule € 0.15
Electricity MWh € 0.5
Modest rises are planned for 2010 in some instances. Member states will be able to grant refunds to businesses accepting energy saving commitments. Fuel used in international air transport will be tax-free until the various international undertakings permit taxation.
The content of this article does not constitute legal advice and should not be relied on in that way. Specific advice should be sought about your specific circumstances.
