Uzbekistan increases excise taxes on gasoline and diesel fuel
Uzbekistan, Tashkent, July 31 / Trend, D.Azizov /
Increased rates of excise tax on gasoline and diesel fuel entered into force in Uzbekistan, the State Tax Committee of the Republic of Uzbekistan told Trend.
According to a source in the State Tax Committee, by the Government's decision the excise rate on different brands of gasoline and diesel fuel increased by 15 percent from July 24.
In particular, set rate of excise tax on gasoline Ai-80 is increased to a level not less than 254,100 soums per ton compared to 221,000 soums, gasoline brands AI-91 AI-92 and AI-93 - no less than 279,400 soums per ton (243,000 soums).
Revised rate of excise tax on gasoline AI-95 was not less than 323,300 soums per ton (281,0 00 soums), diesel fuel - not less than 216,200 soums per ton (188,000soums).
Previous excise taxes on gasoline and diesel fuel have been established in Uzbekistan from Jan. 1, 2008.
Earlier it was reported that Uzbekistan will increase retail prices for gasoline 15 percent on average from July 1.
Including retail prices for gasoline AI-80 increased to 1,220 soums per liter compared to the previously existed rates at 1,065 sums.
The price of gasoline of AI-91 brand is set at 1,350 soums per liter (previously 1,175 soums), AI-95 - 1,500 soums (previously 1,300 soums).
Price for diesel fuel also incerased from 1,065 to 1,220 soums per liter.
The retail price includes taxes on consumption of gasoline, which is 145 som. per liter.
It was earlier reported that in 1995 Uzbekistan has stopped crude oil imports and declared about oil independence. However, due to depletion of wells decline in oil production has been observed in recent years.
Since 2003, Uzbekistan purchases oil from the Kumkol field in southern Kazakhstan for processing at the Fergana oil refinery.
At present, oil refining and gas condensate processing are carried out in Uzbekistan at three refineries - Fergana, Altyaru and Bukhara.
Fergana and Altyaru fuel oil plants have a capacity of processing, respectively - 5.5 and 3.2 million tons of oil a year.
The Bukhara oil refinery produces high-quality types of gasoline, jet fuel and diesel fuel. The designed processing capacity is 2.5 million tons of gas condensate per year.
Uzbekneftegaz National Holding Company (NHC), monopolistic operator of oil and gas sector of Uzbekistan was established in 1998 and brings together six joint stock companies.
It was reported that in 2009 liquid hydrocarbons production in Uzbekistan decreased by 7.4 percent compared to 2008- to 4.455 million tons, including gas condensate production decrased by 5.4percent to 2.124 million tons, oil by percent to 2.331 million tons.
Last year, gasoline production increased by 10.8 per cent - to 1.622 million tons, kerosene - by 12,2 per cent - to 405,700 tons, diesel fuel - by 1.2 percent - to 1,302 million tons.