Quarterly ISP review leaves it in the same – TVI24

Tax on Oil Products will stay the same over the next three months by decision of the Ministry of Finance, justifying the increase in fuel prices between May and June was not enough to reduce tax.

the Government decided not to increase the ISP, maintaining the reductions approved in May. The decision is justified by the fact that the taxation of gasoline is already much higher than diesel and also the evolution of the share price in recent days “

“in July, over the same period, and excluding the effect of the Order No. 24-a / 2016 [which increased the tax on six cents per liter in February], there was an increase of four cents in gasoline and 7.9 cents for diesel, “further explained the ministry.

With this” slight reduction “reference price of gasoline compared to January,” no longer reached the threshold justified the reduction of one cent in the ISP . Instead, hit up the level to sustain the previous reduction of the ISP in the case of diesel, “explains the ministry.

The protection promised quarterly review the value of the ISP after, in February, this tax have aggravated the fuel prices .

Each increase of 4.5 cents on the gallon of fuel allows the reduction of one cent in the ISP.

This was the second promised quarterly review. the first, in May, resulted in reducing the tax by 1 cent per liter on diesel and gasoline, which disappointed drivers . the argument given at the time it was that, in the previous three months, it recorded an increase of 4.6 cents per liter in the price of gasoline average reference.

in May, the government decided to lower the ISP applied to gas oil one cent, although the reference price of this fuel have increased 3.8 cents less than the reference value provided for the descent of a cent.

“Following the methodology already applied previously, the Government should revoke the reduction of one cent on petrol and maintain ISP reduction only in diesel having now chosen to keep unchanged tax for both fuels, “the statement ends.

the Later this purpose, Parliament adopted a reimbursement scheme fuel taxes for companies freight .