The government announced plans to reduce the excise tax on fuel from 1 June

© RIA Novosti / Maxim to Bogodeeva in Photobacterium car. Archival photoThe government announced plans to reduce the excise tax on fuel from 1 June© RIA Novosti / Maxim to Bogodeeva the image Bank

The authorities of the Russian Federation plans to reduce the excise tax on gasoline by 3 rubles per tonne and for diesel fuel by 2 thousand rubles per ton starting from June 1, plus an additional 700 rubles per tonne from 1 July, reported RIA Novosti participant of the last Wednesday of the meeting, Deputy Prime Minister Dmitry Kozak with the oil companies.

The representative of the Kozak Ilya juice confirmed to journalists the fact of the discussion of reducing the fiscal burden on the oil industry to stabilize the situation on the fuel market. He said that 700 million, cancellation of previously planned increase in excise taxes on gasoline and diesel fuel from 1 July.

First Vice Premier, Finance Minister Anton Siluanov had previously voiced the decision of the government from 1 July to reduce the excise duty on petrol 3700 rubles, diesel fuel — on 2700 rubles per ton. He noted that the decline in excise tax on gasoline will be about 2.5 rubles per liter.

Wednesday Kozak held an emergency meeting with major oil companies because of the situation with rising prices for gasoline and diesel fuel in Russia, told RIA news the participants of the meeting and confirmed the juice. Oil companies confirmed their readiness to keep the current prices in retail, and it can stabilize wholesale market, explained to juice.

According to Rosstat, in April, producers have raised prices of gasoline by 13% in comparison with March (a year ago over the same period, the growth was 4.9%). In may, the national average retail gasoline prices for two consecutive weeks exceeded the levels 41 and 42 rubles per liter.