Murati: The reduction of the oil excise is a call to digest commercial profits

According to him, displacement of the excise does not necessarily imply price reduction.

And since we received the mandate, we as Government have not raised a single tax. No VAT, no oil excise. In other words, there is not a single government action that would have affected the rising price of oil. The increase in oil prices is due to the increase in import supply prices, which are beyond our control, but also because of the increased margin of profit from oil traders, especially now when the arrival of Mr.”, Murati has said.

He has added that the government is working on a decision that sets ceiling prices and maximum margins.

“while opposition calls for Government to turn down TV S or excise in oil or other products do not serve the interest of citizens. Rather, such an action would only bring about the profits of businessmen on one side, and limit the state's chances of supporting needy families on the other”, Murati continued.

Murai also mentioned Hoti Government to justify his claim.

We've seen the best evidence of this throughout the past year, when with the Law on Economic Recovery of Hoti, T The VV for gastronomy businesses was down from 18% to 8%, for the whole of 2021. In spite of that, for no moment the prices of coffee and other gastronomy products went down, because the entire VAT cut back into an additional profit margin for businesses”, the Murati wrote on Facebook.

The minister of finance also cited discussions in Germany that a fee for oil may be established.

“In Germany is now discussing how to apply the special tax on the profits of oil companies, which have exploited the state's reduction of excises to train the profit market for themselves, re-growing prices just a few days after the initial drop of”, said among other things Hekuran Murati.