The Finance Ministry has proposed to the tax maneuver, the increase in excise duties on fuel

© RIA Novosti / Natalia to Seliverstova in photobacteria of the Ministry of Finance of the Russian Federation on Ilyinka street in Moscow. Archival photoThe Finance Ministry has proposed to the tax maneuver, the increase in excise duties on fuel© RIA Novosti / Natalia to Seliverstova the image Bank

Prepared by the Ministry of Finance a bill to end tax maneuver in the oil industry foresees an increase in excise duties on fuel in 2019, writes in Thursday newspaper «Kommersant» with reference to the project, which was submitted to oil companies and agencies on June 13 at the meeting with Deputy Prime Minister Dmitry Kozak.

This year the excise tax was to raise twice, but due to the spring jump in fuel prices by the government since June 1 has gone on an unscheduled reduction in excise duties on gasoline and diesel fuel until the end of 2019 — on 3 thousand roubles and 2 thousand rubles per ton. In return, the oil companies promised to freeze prices at the gas station. But in the bill the Ministry of Finance, as suggested earlier, lays in 2019-2020 the excise tax on gasoline is 12.3 thousand and 12.75 thousand rubles per ton, for diesel fuel — 8,5 thousand rubles, and 8.8 thousand rubles per ton, the newspaper said.

Meanwhile, according to the project, to excise only oil refinery, supplying to the domestic market (not just produce) gasoline in the amount of not less than 10% of primary processing, the newspaper writes. The plants of Rosneft and NOVATEK — as sanctions companies formally given the opportunity to reverse excise, not even releasing the gas. But to use it they can, only if will fulfill the criterion of fuel supplies to consumers in Russia, the newspaper said.

The Finance Ministry will also limit the budget risks from the floating excise tax, referred the newspaper to the project. The mechanism is that if the export netback for gasoline and diesel fuel exceeds the price in the Russian Federation (on an exchange basis Bashkiria), the budget compensates the oil companies half the difference. Now in document, the maximum size of the «difference» — 3 thousand rubles per ton, that is, the budget in any case will pay not more than 1.5 thousand rubles, the newspaper notes.

The Ministry explained to the newspaper that the document is preliminary and decisions on options for completion of the maneuver, including the level of excise duties from January 2019, at the moment not accepted. The energy Ministry declined to comment.

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