#Fuel #prices #roof #due #increase #excise #duties
Economy•15 Apr ’24 4:53 PM Author: Lotte van Coevorden
If politicians do not intervene, fuel prices will rise even further as of January 1, 2025. The cost of a liter of gasoline will then rise by a quarter due to deferred tax increases, and diesel will become almost 15 cents more expensive. “This is going in the wrong direction,” says Noud Broekhof, editor of The National Auto Show.
Several temporary political measures will expire at the end of this year, meaning impending price increases are in the offing. In addition, there will be a new price correction in 2025, which threatens to increase the already high fuel prices even more. According to provisional figures, this concerns an increase of 23.05 cents in excise duties and VAT per liter of petrol, and 14.93 cents per liter of diesel. The Ministry of Finance reports this after questions from De Telegraaf.
Tensions in the Middle East
This while fuel prices have already risen sharply, mainly as a result of tensions in the Middle East. Last week the average recommended price for a liter of petrol was already 2.27 euros and almost 2 euros for diesel. These prices are expected to rise even further, especially after the Iranian attack on Israel.
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This impending increase is the result of previous tax increases that were only temporarily offset. For example, shortly after the start of the war in Ukraine, an excise duty reduction of 17 cents per liter of gasoline was introduced, which was only partially reversed. High inflation led to an additional tax increase, which threatened to increase the price of a liter of gasoline by just over 20 cents at the beginning of this year.
Forming parties
‘With excise duties on fuels, partly because of the border effects, we aim for limited differences with other countries,’ says NSC member Folkert Idsinga, referring to the NSC election programme. ‘Rising prices, and social security in the broadest sense, are an important point of attention for NSC in the Chamber and at the negotiating table. It is not yet known how exactly this will be implemented by the forming parties.’
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VVD member Wendy van Eijk acknowledges the problem, but also says that the faction still has to take a position. ‘And at the same time you have to be honest: these are large amounts that you will not easily find elsewhere.’ The PVV’s position on this issue is still unclear. MP Elmar Vlottes, responsible for taxation, did not respond to questions.
This impending increase is the result of previous tax increases that were only temporarily offset. (ANP / Imago Stock & People GmbH)
