Romanian authorities mull new dynamic excise duty mechanism to curb fuel prices
The Economic Committee, part of Romania’s upper legislative chamber, adopted a favorable report for the draft law on measures to reduce fuel prices on Monday, July 27.
Radu Dumitrescu · Journalist
· Updated · 2 min read
The Economic Committee, part of Romania’s upper legislative chamber, adopted a favorable report for the draft law on measures to reduce fuel prices on Monday, July 27.
The bill must also receive the approval of the Senate plenary in order to continue its legislative process. If adopted, it will introduce, for the first time, a "dynamic excise duty" mechanism, under which the excise duty on fuel may be reduced by between 5% and 25%, depending on developments in pump prices.
