Wednesday, 13 April 2011

Brussels proposes diesel price rise for Spain

SPAIN The Euroepan Commission today proposed increasing the minimum tax on diesel fuel, as it is more pollutant than petrol. Should the measure be approved, Spain will have to put up the price of diesel by  8 céntimos per litre between now and 2018. For the transport industry the increase would be around the 11 céntimos mark because Brussels also wants to eliminate the fiscal benefits enjoyed by 'professional diesel', which would also impact on farming and agriculture, among others, but not heating oil. The proposal also includes a tax rise for kerosene (from €330 to €386 per 1000 litres) and natural gas (from €2.6 to 10.8). All in the name of global warming and the harmful effects of these and other more specialised fuels.

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