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Reading: Proposal on the Abolition of Excise Duties adopted: Fuel is cheaper!
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Sarajevo Times > Blog > BUSINESS > Proposal on the Abolition of Excise Duties adopted: Fuel is cheaper!
BUSINESS

Proposal on the Abolition of Excise Duties adopted: Fuel is cheaper!

Published: March 10, 2022
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The proposal on amendments to the Law on Excise Duties in Bosnia and Herzegovina (BiH) under the urgent procedure which abolishes excise duties on fuel in BiH, was adopted with 31 votes in favor, no votes against, and one abstention.

This was adopted as a measure to restrain the rise in fuel prices in our country, which reached record levels in the global market, but also the chain growth of other prices, which are also rising due to rising energy prices. Fuel should now be 35 to 40 pfennigs cheaper.

Previously, the amendments of the Croatian Democratic Union of BiH (HDZ) were adopted, according to which the changes are applied for 6 months, and after the expiration, they can be extended for another 3 months.

People are mad

In the introductory speech, the proposer of this proposal, delegate Sasa Magazinovic, said: ”The time left for the institutions to react is very short. That is why this is very urgent and it is the obligation of us as the Parliament and other institutions to use all the mechanisms at their disposal. This is one of the measures by which we will at least slightly protect the mental health of BiH citizens. People are mad, the ranks formed after one piece of news in the media, people are reminded of the period before the outbreak of the war. This measure will not solve economic problems, but it will reduce the price of fuel by 35 to 40 pfennigs and will send a message that we who are sitting here are responsible. There is support for this decision from the general public,” Magazinovic pointed out.

Extreme times

Party of Democratic Progress (PDP) delegate Branislav Borenovic supported the law and emphasized that after the boycott, they decided to participate in the work of the BiH Parliament.

”Extreme times require decisive and quick reactions and adequate measures. The most important decision that the Parliament will make today is the amendment of the Law on Excise Duties, and in that way, it indirectly helped not only the carriers but all the citizens to overcome this difficult economic crisis that has hit us.

That is why we decided to make an exception and participate in decision-making. Today, everything should be put aside, despite the political tensions that exist in our country. I hope that the House of Peoples will make such a decision,” Borenovic concluded yesterday.

 

E.Dz.

Source: Avaz

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