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Norway Temporarily Cuts Petrol, Diesel Taxes Amid Middle East War
Norway's parliament cut petrol and diesel taxes from April to September, saving drivers about 5 kroner per litre and costing the state 6.7 billion kroner, officials said.
- On Thursday, March 26, Norway's parliament, the Storting, voted to remove the road usage tax on petrol and diesel from April 1 until September 1, easing fuel costs driven by Middle East tensions.
- The Conservative Party forced an emergency vote, bypassing normal budget reviews, after the Centre Party broke ranks from its Labour coalition partner to support the tax cuts.
- Drivers should see prices drop by around 5 kroner per litre for petrol and around 3 kroner per litre for diesel, since Norway's 25 percent VAT applied to the road tax is also removed.
- Finance Minister Jens Stoltenberg estimated lost revenue at at least 3.3 billion kroner, calling Thursday "not a good day for cooperation" after the Centre Party broke the budget agreement.
- Prime Minister Jonas Gahr Støre warned the measures could increase price rises and interest rates, though the government will implement the decision, which costs around 6.7 billion kroner total.
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Norway announces cut to fuel taxes: How much will you save?
After a dramatic political battle in the Norwegian parliament, a majority of lawmakers voted to temporarily remove the road tax on petrol and diesel, the clearest sign yet that soaring fuel prices driven by the war in the Middle East are forcing politicians to act.
·Norway
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·United Kingdom
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Gas stations assure that the Storting's decision to remove the road tax on gasoline and diesel will benefit consumers.
The majority of the Storting has approved the Conservative Party's proposal to temporarily remove the road tax on gasoline and diesel.
Gas stations assure that the Storting's decision to remove the road tax on gasoline and diesel will benefit consumers.
Coverage Details
Total News Sources29
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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