Ilmārs Šņucins, Deputy State Secretary at the Ministry of Finance, says that the main objective of the excise tax hike is to provide the state budget with the revenue needed for external and internal security and to partly compensate for the decrease in labor tax revenues. Fuel and gas used as fuel will have a tax €10 per tonne in 2025 for the carbon dioxide or CO2 component.
The most widely used fuels, such as petrol, will see an increase of 2.8 cents per liter in 2025 and a furth...