Fuel tax

SYRIZA’s 17 taxes that broke the back of the middle class

An avalalanche of over a dozen new taxes and tax hikes imposed during SYRIZA's four-and-a-half years in power is widely considered the main reason for the disastrous result of the 26 May European Parliament election.

The government's long string of tax hikes was in large measure due to its inability to meet fiscal targets agreed to with creditors.

Gasoline Price Again Rises Sharply in Bulgaria

Gasoline prices in Bulgaria went up sharply. Only a few months after the massive protests in the autumn that spanned the country for fuel appreciation and after winter's soaring prices, the A 95 gasoline carries record-breaking figures for this year. Since mid-March, the increase has averaged 12 cents per liter. From 2.08 leva on March 14, the mass gasoline now averages 2.20 leva.

Balkan Drivers Fuming Over Rising Cost of Fuel

Car owners in the Balkans are fuming over the rising price of fuel and threatening to protest this month, piling pressure on governments to rein in costs to consumers who fear a knock-on effect on the price of food and other goods.

Oil prices hit three-and-a-half year highs last month, twice topping $80 per barrel and pushing up prices at fuel pumps.

Greece has one of the world's six highest unleaded gasoline rates

Soaring fuel prices in Greece have put the country in the unenviable position of being among the six most expensive in the world for unleaded gasoline, and are set to have multiple consequences on the entire production chain. The latest tax assault on fuel consumption has also placed it among the 15 most expensive countries in the world when it comes to diesel.

Cigarette Prices To Increase in 2017

Prices of cigarettes will increase as of January 1st, 2017.

This became clear from the tax law amendments proposed by the Finance Ministry, reported Nova TV. The amendments include a higher excise tax on cigarettes.

This comes as no surprise since Bulgaria has to fulfil the minimum excise requirements in the European Union by 2018.



While global gas prices fall dramatically, Turkey's remain high

While gasoline prices have decreased by an average of 60 percent around the world between June 2014 and January 2016 amid a plunge in oil prices, Turkish gas prices have only dropped 16 percent due to a loss in the Turkish Lira's value and higher taxes as well as low shares of raw materials in fuels, according to sector representatives.