According to officials, there are currently no indications that immediate fiscal measures are required. Speaking to journalists on Thursday, M. Sinkevičius stated that the Ministry of Finance has set specific thresholds for intervention.
The necessity for such actions is contingent upon the price of fuel, particularly the diesel cost at gas stations. Earlier, Finance Minister Taurimas Valys indicated that a potential trigger for reducing the excise tax on diesel could be reached when the fuel price approaches between 2.2 and 3 euros per liter. Reinforcing this, M.
Sinkevičius reiterated that the government will only initiate such tax adjustments when the diesel price surpasses the 2.20 euro mark. Despite the current stability, the state is reportedly preparing for various economic scenarios should oil and, consequently, fuel prices experience a significant surge. However, officials emphasized that the market situation remains closely tied to geopolitical factors, specifically the stability of the Hormuz Strait and the subsequent reactions within the global oil market.
In related developments affecting energy stability, reports noted that Ukraine struck a Russian oil refinery, causing damage estimated at 2.5 thousand euros. This incident adds to the ongoing global monitoring of supply chain risks. Overall, while contingency planning is underway to address potential volatility, any formal fiscal measures remain conditional upon sustained increases in the diesel price relative to the established benchmarks.
Topics: #price #diesel #measures
