Home » Business » Excise taxes on gas will be reduced from Wednesday, if it will be reflected in prices, it is not clear – ČT24 – Czech TV

Excise taxes on gas will be reduced from Wednesday, if it will be reflected in prices, it is not clear – ČT24 – Czech TV


Jiří Mastný, economic manager of OK Trans Praha, said: “It should be added that this is not the least of a complete compensation for the extreme price growth we have witnessed in recent months.

The company owns more than four hundred trucks, which normally cover more than 4 million miles a month. They buy gas at the wholesale price and expect the reduction in excise duty to take effect immediately.

But spending has risen by tens of percent. Therefore, they have become more expensive and would welcome more assistance from the state.

“We would also appreciate the abolition of the road tax on cars weighing more than twelve tons, along with an increase in toll discounts for cars that meet the strictest emission standards,” Mastný hopes.

Exactly how the excise tax reduction by 50 crowns will affect gas stations depends on other factors, such as oil prices or wholesale gas prices.

“It will depend on whether these factors support the change and fall in prices are visible or, conversely, do not support them, it will go against them, in which case we should not expect any reduction at all,” says Jiří. Tyleček, an analyst at X-Trade Brokers.

“Gas prices should be reduced by more than a crown of fifty, because then the basis for calculating VAT is reduced, so it should be a little more.” Let’s give it a crown of eighty crowns, “believes Petr Zajíc of Amundi Asset Management.

It is unknown at this time what he will do after leaving the post. Gas stations have bought shares with a non-reduced excise tax and are likely to sell them.

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