The proposed solution, according to E. Grikšas, would likely involve a temporary increase in excise duties. He stated this during a parliamentary discussion regarding fuel prices ceilings, emphasizing that economic regulation represents another consideration that should be approached cautiously.
He suggested that reducing the excise tax – a measure supported by ELTA – could be one viable option. The government member highlighted that the finance minister has indicated a willingness to explore all possibilities, contingent upon the duration and severity of the ongoing conflict. Specifically, the length of the Middle East military conflict and its depth would heavily influence the decision-making process.
Prime Minister Inga Ruginienė previously suggested that Lithuania could contemplate implementing fuel prices ceilings to mitigate the impact on citizens’ fuel bills. This action would address rising fuel prices, spurred by the instability in the Middle East. The government remains open to considering another approach, acknowledging the complex situation and its potential consequences for the nation’s economy.
Topics: #another #fuel #prices
