Date: 5 months ago   Category: Economy

Russians were warned about new increase in prices for gasoline


Petrol prices will continue to grow during 2019. It was said by the Minister of Energy of the Russian Federation Alexander Novak, TASS reports. According to Novak, the cost of fuel will increase within inflation. Also the minister explained that the January jump in prices of gasoline is connected with increase in a value added tax (VAT) since January 1, 2019 January became it is known that retail prices for gasoline in Russia in January grew by 1.7 percent. It is caused by increase in the VAT from 18 to 20 percent and also increase in fuel excises. The Central Bank of Russia stated that increase in a tax will affect all spheres of economy, increase in prices will happen on all goods including automobile fuel, will urge on inflation. The prime minister Dmitry Medvedev suggested to raise the VAT for two percent at a meeting of the Government in June, 2018. Later the Minister of Finance Anton Siluanov noted that such measure will allow to increase federal revenues more than by 600 billion rubles a year since 2019. "The film of day" is more than important news in Telegram channel. Subscribe!

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