Finance Minister says no cut in fuel excise taxes under consideration

05-09-2005

In related news, the opposition Civic Democrats have said the party will seek a fast-track cut in the excise tax on petrol. Prices have risen sharply at Czech filling stations due to the knock on affect of Hurricane Katrina and a rise in the price of oil worldwide. The excise tax now stands at just under 12 crowns per litre for petrol and 10 crowns per litre for diesel fuel, less than one third of the total price. Finance Minister Bohuslav Sobotka has said there are no plans to cut the taxes, but that the ministry was looking into ways to help offset costs for transporters and others seriously affected by the rising cost of fuel.