Estonia's Finance Minister Jürgen Ligi is anticipating a rise in fuel excise tax next spring.
What happened
The Estonian government is currently discussing the 2027 budget, which is in deficit. Minister Ligi forecasts that the excise tax rate on fuel will likely increase, and this has been taken into account in the budget.
However, a planned reduction in the national fuel reserve levy by approximately 10 percent next year may lead to a slight decrease in fuel prices. This reduction is expected to result in a 0.25 percent decrease in retail prices at petrol stations.
Minister Ligi noted that the upcoming elections have led to promises of tax reductions, but he is unsure of the best approach, given the current budget deficit.
