Lower house wants government to reverse petrol price hike
A majority in the House of Representatives wants the government to reverse the announced price hike for petrol. A motion by JA21 MP Joost Eerdmans calling for this was adopted on Wednesday 27 August. Among other things, Eerdmans proposed that excise duty should not automatically rise in line with inflation, ANP reported.
However, Eerdmans’ proposal does not say how this is to be financed. The cabinet is discussing next year’s budget this week, which will include fuel excise duty. Both Finance Minister Eelco Heinen (VVD) and Infrastructure Minister Robert Tieman (BBB) have previously indicated that they will do “their stinking best” to limit prices at the pump.
With the expiry of the earlier excise duty reduction, prices for petrol and diesel will rise from 1 January without intervention. Currently, there is still a discount of 17.3 cents per litre of petrol and 11.1 cents per litre of diesel. If the reduction in excise duty is extended for another year, the exchequer will lose about €1.5 billion. Where that money would have to come from is as yet unclear.
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