Why was the SCT hike on gasoline and diesel?

earthpressnews

The official answer came today. Why was the gasoline and diesel-focused SCT hike, which made a lot of noise last night?

per liter of fuel products last night An SCT hike of up to 5 TL was applied. In this context, the SCT on gasoline increased from 2.52 TL to 7.52 TL, and the SCT on diesel from 2.05 TL to 7.05 TL. rose. So a liter of gasoline for 35 lirasliter of diesel for 34 lira endured. The new statement made by the TR Ministry of Treasury and Finance for this SCT hike is as follows: it happened: “Fuel products The excise duty was increased for two reasons. First, with the increase To slightly reduce the impact on the budget of the additional costs caused by the earthquake targeted. The regulation will also indirectly support controlling the current account deficit since these products are imported products. Secondly, Despite the increases in international oil prices and exchange rates in these fixed taxes, almost no tax increases have been made since 2016. SCT amounts, due to the fact that it was fixed, it melted in the face of inflation.

YOU MAY BE INTERESTED

As a result, the SCT taken from fuel products; While its share in GDP was 4.58% in 2016, it decreased to 2.80% in 2022, and while its share in tax revenues was 26.23% in 2016, it decreased to 17.84% in 2022. While the rate of taxes in the sales price including VAT in gasoline, diesel and LPG, which is the most consumed of these products, was over 50%, it remained at the level of 38.5 despite the recent increase. Diesel 26.7 26.4 34.1 32.4 26.1 24.5 38.8 38.5 With the President’s Decision published today, the fixed SCT amounts taken from fuel products and which have not been increased for about 7 years; 5 TL for gasoline and diesel, 4 TL for LPG, and other products based on the rate of increase in the SCT amounts of these products. The increases are well below the inflation increase that has occurred since 2016. Despite the increase, our country is still the 4th cheapest country in Europe in gasoline and diesel fuel. While gasoline is $2,057 and diesel $1,861 in our border neighbor Greece, after the tax increases, gasoline is $1,303 and diesel is $1,239 in our country.”



lgct-tech-game