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About a third of global fertiliser passes through the Gulf of Hormuz....Nobody talking about food prices. Yet.
Add on the other additional taxes that are added to fuel and the percentage going to the treasurery become a much larger percentage of the costsSorry VAT is 20% rate but represents 17% of total fuel costs
Garden timeNobody talking about food prices. Yet.
Do they subsidize diesel for locals or is this some sort of back door tax on commerce moving thru?In Hungary its €1.58/L for petrol and €1.67/L for diesel plus 60% to 70% surcharge on all foreign registered vehicles. Discrimination in action in the EU. I’ve planned ahead and filled my petrol tanks in Slovakia, but even there, there is a surcharge on diesel for foreign registered vehicles.
Do they subsidize diesel for locals or is this some sort of back door tax on commerce moving thru?
Bloody hell! What is all that fertilizer made of ?About a third of global fertiliser passes through the Gulf of Hormuz....
Nitrogen fertilisers are primarily produced using the Haber-Bosch process, in which nitrogen from the air and hydrogen, usually derived from natural gas (methane),Bloody hell! What is all that fertilizer made of ?
Wow. Capping fuel prices is the dictators playbook. Instability to follow.![]()
Dieses EU-Land deckelt jetzt Spritpreise – aber nicht für jeden!
Durch den Krieg im Nahen Osten ist Tanken drastisch teurer geworden. Nun greift ein EU-Land ein und deckelt die Preise – aber nicht für jeden.newstime.joyn.de
Translation:
The war in the Middle East has made filling up with petrol drastically more expensive. Now an EU country is stepping in to cap prices – but not for everyone.
Fuel prices are skyrocketing as a result of the war in Iran – now, for the first time, an EU member state is taking political action: Since Tuesday (10 March), Hungary has capped the price of petrol (95 octane) at 595 forints (€1.51) per litre. Diesel may currently cost no more than 615 forints. A corresponding decree by Hungarian Prime Minister Viktor Orbán was published in the Hungarian Official Gazette on Monday evening (9 March).
However, the capped fuel prices apply only to motorists with Hungarian number plates. Vehicles with foreign number plates, such as those belonging to holidaymakers, business travellers or bus and lorry drivers, do not therefore benefit from the price cap at the pump. They continue to pay market-based fuel prices at Hungarian petrol stations, which are still set by the station operators.
In my opinion this collides frontal with European antidiscrimination rights.
But there is a election to win (or loose) the 12th of April…