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Reading: It is still uncertain whether the Fuel Prices will decrease in BiH
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Sarajevo Times > Blog > BUSINESS > It is still uncertain whether the Fuel Prices will decrease in BiH
BUSINESS

It is still uncertain whether the Fuel Prices will decrease in BiH

Published: March 25, 2022
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After yesterday’s session of the House of Peoples of the Parliamentary Assembly of Bosnia and Herzegovina (PABiH), the Draft Law on Excise Duties and the Law on Value Added Tax will go into the regular procedure.

On March 9th, the House of Representatives of the PABiH adopted the mentioned laws, and yesterday the delegates of the House of Peoples were to decide in that regard.

The law provided for the abolition of excise duties for 6 months on diesel fuel and other gas oils, kerosene, motor gasoline-unleaded, motor gasoline, heating oil, liquefied petroleum gas for the propulsion of motor vehicles, biofuels, and bioliquids.

The House of Peoples of the PABiH refused to consider the Draft Law on Excise Duties and the Law on Value Added Tax in an urgent procedure, but they will be sent to the regular procedure, which will slow down the process of passing these laws. In the regular procedure, it is possible to submit amendments to the proposed law.

In practice, this will mean that citizens will continue to pay the same price for fuel for now.

If the House of Peoples had adopted a proposal yesterday to abolish excise duties for six months, as the House of Representatives has already voted, citizens would have paid up to 40 pfennigs cheaper for fuel after the law came into force.

E.Dz.

Source: Klix.ba

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