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Economy

What's going up since October 1: Coffee, cigarettes, fuel, alcohol...

September 05, 2023, 19:16 am MJ
Photo: AP/Martin Meissner
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The price increase proposal includes, in addition to fuel and coffee, tobacco products, alcoholic beverages, as well as liquids for filling electronic cigarettes

Excise duties for unleaded gasoline will increase in price between six and seven dinars starting next month (from 55 dinars per liter to 62,47 dinars per liter), it is foreseen in the budget rebalancing, which has been sent to the parliamentary procedure.

Due to the jump in excise duty, the price of diesel that consumers pay will be around 204 dinars per liter instead of 1 dinars from October 210, and the price of gasoline will rise from 189 dinars to 195 dinars, said analyst Nebojsa Atanacković. reports New Economy

The excise duty on leaded gasoline will increase from the previous 52,5 dinars to 66,42 dinars per liter, on gas oils from 54 dinars to 64,24 dinars per liter, on kerosene to 74,89 dinars per liter (instead of the previous 62 dinars), while excise duty on other oil derivatives will jump from 62 dinars to 74,89 dinars per liter.

 

Read more Serbia: Prices of vegetables, milk, cheese and eggs increased the most

According to the proposals of the Government of Serbia, the excise tax on a kilogram of unroasted coffee will increase by 1 dinars from October 20, while the state will charge an additional 25 dinars on a kilogram of roasted coffee.

The price increase proposal includes, in addition to fuel and coffee, tobacco products, alcoholic beverages, as well as liquids for filling electronic cigarettes.

In the next two years, for the first time, the payment of excise duties on natural gas for end users (from January 1, 2025) and nicotine sachets - snus (but from the beginning of 2024) will be introduced, it was proposed by amendments to the Excise Law.

Excise taxes on cigarettes will increase, as before, successively. From October, the price will increase from 84,25 dinars to 90,99 dinars per pack, so that by 2025 they will reach the amount of 95,85 dinars per pack of 20 cigarettes.

Photo: Milovan Milenkovic

For high-alcohol beverages, instead of the current 46,25 dinars, the excise duty will amount to 49,95 dinars (on the basis of one hectoliter at a temperature of 20 degrees Celsius).

The excise tax is calculated by multiplying the base by a number that indicates the volume of alcohol expressed in hectoliters in the finished product.

The excise duty for low-alcohol drinks will be 23,14 dinars per liter instead of 24,99 dinars per liter, while the price of a liter of beer will increase by about two dinars - from 26,44 dinars per liter to 28,55 dinars for the same volume.

From January 1, 2024, new products, nicotine pouches (snus), will also be subject to caution. These are disposable products that contain nicotine or nicotine compounds and other ingredients, they are packed in bags, and they are increasingly popular substitutes for cigarettes.

Read the full text at New economy

 

MJ/New economy

 

Read daily news, analysis, commentary and interviews at www.vreme.com

Tags:

Fuel excise taxes Kafa Serbia Price increases Cigarettes Alcohol Economy
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