Romania to up excise duties on fuels and tobacco next year

Romania's excises on fuels and tobacco will be raised as of January 1, 2011, which could lead to new increases in the price of such products, according to a draft emergency ordinance amending the Fiscal Code. The excise on unleaded petrol will be raised to EUR 467 per thousand liters, from EUR 452, as of January 1. The excise on diesel will be raised to EUR 358 per thousand liters, from the current EUR 347. According to the appendix to the draft ordinance, the excise on tobacco will be raised to EUR 76.6 per 1000 cigarettes, from EUR 74 in 2010. Excise duties on alcoholic beverages and coffee will remain the same. Mediafax