Acasă » General Interest » Excises increase: 19% for gas, 21% for Diesel, royalty of 6% for gold

Excises increase: 19% for gas, 21% for Diesel, royalty of 6% for gold

18 November 2013
General Interest
Bogdan Tudorache


Although the effects of the financial crisis did not pass away, Romanian government decided to increase by 19.4% the excises for gas and by 21.2% the duty for Diesel fuel, while special imports with leaded fuel will receive an extra 16.6% increase in tax.

Government published Friday in the Official Gazzette the changes to the fiscal regime of the energy royalties and excises, also in the mining field. Therefore, a new general royalty of 6% was imposed fot the gold mining (also affecting Roșia Montană exploitation), a general quota of 5% for ferrous and non-ferrous substances and precious materials, and a 4% rate for coal.

Acoording to the new Government Ordinance 102/ 2013, the excise for the unleaded gas surges 19% from 467 euro a ton to 557.91 euro a ton, and for Diesel by 21%, from 391 euro to 473.85 euro a ton.

In addition, the Ordinance established that the real value of the excises should be adjusted at an average inflation rate of 4.77% set in for September 2013. Also, the Ordinance introduces an exception for the 2014 excises level: the bigger of the the exchange rate leu/euro of October 2012 and October 2013’s first legal working day will be considered, and therefore a precedent is set for chosing the most unfavorable exchange rate for the national currency of the past two years.

Therefore, for the excise level in 2014 the exchange of the first day in October 2012 will be used, of 4.5178 lei per euro, as the October 2013 rate is of just 4.456 lei per euro.

Adjusting the upper-mentioned rate by the inflation rate of 4.77% results in a final rate of 4.73 lei/euro excise transfer rate.

The ordinance published last Friday in the Official Gazzette bring also other changes to the fiscal regime.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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