France, Italy, Portugal, Belgium and the UK cut fuel prices

Pedro Sanchez he is again the bottom of the class. While other countries like France, Portugal, United Kingdom or Italy have already taken measures – such as tax cuts or direct aid – to bring down the price of fuel, Spain continues to hide behind Europe to postpone the decision-making, at least until the 29 next March. And that the socialist executive is under pressure from the transporters’ strike, which is causing major supply problems and stopping the production of important companies such as Nestle Is danone.

At the last meeting of ministers Calviño, Montero and Sánchez with the National Road Transport Committee, A plan of 500 million euros has been agreed, but without detailing how these bonuses will be and leaving their approval in abeyance until next April 29, pending the action plan of the European Union. However, while Spanish carriers continue to “bleed to death” with rising fuel prices, other European countries have already got to work to bring fuel prices down.

In the case of France -whose model has served as an example for the government of Pedro Sánchez- the price of fuel has been lowered by 15 cents per liter for all consumers from next April 1, thanks to a set of direct aids that will be paid to every vehicle, benefiting more than 500,000 carriers. These subsidies are distributed according to tonnage, so truckers can receive between 400 and 1,300 euros.

“Since April 1, a 15 cents per liter fuel discount” for a period of four monthsexplained the French Prime Minister, John Castex in an interview with The Parisian. In addition, Castex has appealed to oil companies and distributors to go further. “The distributors will apply it and the State will reimburse them. Why not lower taxes? First, because a law is needed and it takes longer. Then, because taxing polluting energies less is anti-ecological. Finally, because this reduction benefits everyone, including tax-exempt professionals“, plot.

Nor did Portugal wait for measures from Brussels. To the extraordinary fuel tax reduction, the Portuguese government has added a bonus of up to 30 cents per liter of diesel for transport vehicles up to 35 tonnes – those with a greater tonnage benefit from a reduction of 20 cents per liter – which could mean the cost equivalent to half the average consumption of these vehicles for 90 days. This represents a subsidy of between 342 and 810 euros for vehicles up to 35 tonnes and 1,260 for those with a higher tonnage.

Italy will reduce for 30 days – until April 30 – the special taxes on petrol and diesel, which will mean a reduction of 25 cents per liter, with constant evaluation by the government and financed with a 10% position to companies of energy. Belgium agreed on a series of tax cuts to bring down petrol and diesel prices. The Belgian government will reduce the excise duty by 0.175 euro per litre, which will represent a saving of around 10 euro for a 60 liter tank, and an automatic shedding system will be introduced from 1.7 euro per litre. The measure will be reviewed in June.

The Polish Prime Minister has confirmed a historic tax cut to deal with inflation. Among the reduction is the tax on gasoline or basic foods, among other areas. “This program aims to leave the largest amount of money in the wallets of Poles”Mateusz Morawiecki assured a press conference. The program therefore consists of a reduction to 0 VAT on basic groceries and gas, as well as deep reductions on petrol, heating and electricity.

The last country to join the fuel tax cut was the UK. The Chancellor of the Exchequer of the United Kingdom, Rishi Sunakannounced on Wednesday the reduction in fuel taxes to support the £9,000 million plan already underway to limit the impact of rising gas and electricity bills The central thrust of the proposal is to reduce fuel tax at 5 pence per litre, a measure which will be maintained until March 2023. Similarly, VAT on green energy products will be reduced from 5% to 0%while bringing wind and water turbines back to more favorable tax rates.

While the rest of our European neighbors are already taking steps to mitigate the effects that the rise in gasoline and diesel is having on their productive fabric, Sánchez is waiting, with truck drivers taking to the streets, buses and protesting taxis, moored fleets and supermarkets with empty shelves.

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