Squeeze dry: Dwindling “gasoline” revenue from authorities is being pumped out of drivers
February 13, 2023
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It appears that discounts on the sale of sanctioned Russian oil to foreign consumers and the resulting losses to the Russian budget forced the government to take tough
It appears that discounts on the sale of sanctioned Russian oil to foreign consumers and the resulting losses to the Russian budget forced the government to take tough fiscal measures in the oil industry. No one will find these steps small. Portal “AutoVzglyad” explains what awaits us all in the near future.
The oilmen will be the first to fall under the tax “bang”, and then the “shock wave” will reach every motorist – in the form of an increase in fuel prices. There are several reasons for this development.
The most, so to speak, “fresh” of these was announced today: the Russian Cabinet of Ministers agreed on a tax settlement mechanism for “rebates” that domestic oil traders give to foreign buyers of Russian natural resources. Western sanctions on imports from Russia force domestic companies to trade more cheaply. Because counterparties refuse to buy our oil at normal market prices, citing the risks of falling under Western sanctions. But a huge discount magically instantly removes all their feigned horror horror from these citizens. This has been happening for many months now and the Russian authorities took it for granted.
But it seems that the sharp drop in budget revenues for the first month of 2023 was a “magic pendulum” for them, forcing them to sharply re-establish the flow of money to the losing treasury. After all, in January it received less than just oil and gas revenues in the amount of more than 52 billion rubles. And in February, the gap could reach 108 billion rubles due to the embargo imposed by Europe on Russian oil. So the government is “smart”, “cutting” the oil industry’s tax rules almost on the way, so that more money goes to the budget.
In addition, Russia plans to cut oil production by 500,000 “barrels” per day in March. This seems to be done with the aim of driving up world prices for “black gold”. But after all, internally there will also be moving! The result is an increase in the price of fuel at Russian gas stations. In theory, a “fuel damper” mechanism was invented to counter fluctuations in selling prices in the country. According to him, if the prices of gasoline and diesel rise abroad (after oil), then the government of the Russian Federation pays extra to local oilmen so that they do not increase the price tags in the country. And if ‘there’ fuel becomes cheaper below a certain limit, Russian oil companies will already pay the state.
So, since the beginning of this year, the amount of payments from the budget to oil companies under the “damper” has been significantly reduced at the legislative level. Why all those macroeconomic calculations?
And to the fact that the state will now “squeeze” the maximum possible amount from the oilmen. And who, in order to somehow maintain their income, will begin to “pump the loot” out of the pockets of millions of Russian car owners by sharply and steadily increasing sales prices at gas stations. And the authorities will not be strongly opposed: after all, with the rise in fuel prices, the volume of sales taxes will also increase. And everyone will be a winner. In addition to a simple carrier …
globallookpress.com’s photo
The oilmen will be the first to fall under the tax “bang”, and then the “shock wave” will reach every motorist – in the form of an increase in fuel prices. There are several reasons for this development.
The most, so to speak, “fresh” of these was announced today: Russia’s Cabinet of Ministers agreed on a tax settlement mechanism for “rebates” that domestic oil traders give to foreign buyers of Russian natural resources. Western sanctions on imports from Russia force domestic companies to trade more cheaply. Because counterparties refuse to buy our oil at normal market prices, citing the risks of falling under Western sanctions. But a huge discount magically instantly removes all their feigned horror horror from these citizens. This has been happening for many months now and the Russian authorities took it for granted.
But it seems that the sharp drop in budget revenues for the first month of 2023 was a “magic pendulum” for them, forcing them to sharply re-establish the flow of money to the losing treasury. After all, in January it received less than just oil and gas revenues in the amount of more than 52 billion rubles. And in February, the gap could reach 108 billion rubles due to the embargo imposed by Europe on Russian oil. So the government is “smart”, “cutting” the oil industry’s tax rules almost on the way, so that more money goes to the budget.
In addition, Russia plans to cut oil production by 500,000 “barrels” per day in March. This seems to be done with the aim of driving up world prices for “black gold”. But after all, internally there will also be moving! The result is an increase in the price of fuel at Russian gas stations. In theory, a “fuel damper” mechanism was invented to counter fluctuations in selling prices in the country. According to him, if the prices of gasoline and diesel rise abroad (after oil), then the government of the Russian Federation pays extra to local oilmen so that they do not increase the price tags in the country. And if ‘there’ fuel becomes cheaper below a certain limit, Russian oil companies will already pay the state.
So, since the beginning of this year, the amount of payments from the budget to oil companies under the “damper” has been significantly reduced at the legislative level. Why all those macroeconomic calculations?
And to the fact that the state will now “squeeze” the maximum possible amount from the oilmen. And who, in order to somehow maintain their income, will begin to “pump the loot” out of the pockets of millions of Russian car owners by sharply and steadily increasing sales prices at gas stations. And the authorities will not be strongly opposed: after all, with the rise in fuel prices, the volume of sales taxes will also increase. And everyone will be a winner. In addition to a simple carrier …
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.