Berat Rukiqi of the Democratic League of Kosovo, referring to the high oil prices that have gripped the country and the world after the blockade of the Strait of Hormuz, said that the Government of Kosovo, with a single decision, could reduce the price of oil to EUR 1.35.
This is if the government were to decide to reduce the Value Added Tax from 18 to 8% and halve the excise tax.
Rukiq’s post:
With a decision, the price of oil drops to 1,35 euros
Do you know how much the price of oil and gasoline would decrease with a decision?
Today we pay about €1.70/liter.
Yes if:
– VAT decreases from 18% → 8%
– Excise tax halved
What does the citizen gain?
From VAT → saves 17 cents/liter
From excise tax → saves 17.5 cents/liter
Total: 35 cents cheaper per liter!
New price:
€1.70 → €1.35/liter
