OREANDA-NEWS. April 07, 2011. The Government approved amendments to the Tax Code of Ukraine, according to which offer a lower rate of excise duty on petrol car at 50 euros per tonne (from 182 to 132 euros per tonne) and for diesel fuel - at 30 euros per tonne. First Deputy Finance Minister Anatoly Myarkovsky told on the briefing after the Cabinet session.

As the First Deputy Minister said, the reduction of excise taxes on petroleum products is introduce with a period of three months, starting from the second quarter of 2011. The reduction of excise duty on petrol by 50 from 182 euros to 132 euros per ton, and diesel fuel - by 30 per ton will be for three months of the second quarter of this year” he said.

Meanwhile Anatoliy Myarkovskyi noted that according to projections estimated by the Government the specified reduction in excise tax rates will lower the retail prices of petroleum products by an average of 50 kopecks per liter.