THE EFFECTS of an increase in duties on petrol and diesel may be softened by the weak dollar, lower oil prices, and a reduction in VAT, analysts say.
Tax on petrol is due to rise by Sk3.1 (€0.08) per litre, and on diesel by Sk2.7 (€0.07).
Currently, VAT on petrol and diesel is set at 20 percent, but this is due to be reduced to 19 percent on July 1 when the new tax regulations come into force.
Analysts predict that the price rises will cause a drop in consumption.
9. Jun 2003 at 0:00 | From press reports of TASR and SITA
