Tobacco and fuel excises to be increased starting January 1, 2011

Romania’s excises on fuels and tobacco will be increased as of January 1, 2011, according to a draft emergency ordinance amending the Fiscal Code.

Specialists say that this measure will lead to new price increases for these types of products.

According to the draft ordinance, the excise on unleaded petrol will be raised to EUR 467 per 1000 liters, from EUR 452. The excise on diesel will be increased with EUR 11, to EUR 358 per 1000 liters.

The same document shows that the excise on tobacco will be raised to EUR 76.6 per 1000 cigarettes, from EUR 74 in 2010. Excise duties on alcoholic beverages and coffee will remain the same.

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