The Bill (Reg. No.3505) increases the rates of excise duty on petrol (from 60 EUR to 110 EUR for 1000 kg), and on heavy distillates (diesel fuel). Relevant amendments are introduced to the Law "On the Rates of Excise Duty and Import Duty on certain Goods (Production)".
The amendments to the Law "On Amendments to certain Laws of Ukraine regarding Promotion of Production of Hybrid Motor Petrol" cancel reduced rates of excise duty on hybrid motor petrol with additives on the basis of bioethanol. The amendments also cancel the regulation, pursuant to which, the rate of excise duty on hybrid motor petrol should not exceed 70% of the rate of excise duty on petrol till year 2010, in case the rate of excise duty of petrol is altered.
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