Finance Ministry Proposes Solidarity Tax on Oil Revenues to Cut Diesel Prices Amid Quotes Over $115 per Barrel — NRG-IA

Government imposes oil solidarity tax to support diesel excise cuts The Ministry of Finance launched a draft Emergency Ordinance (OUG) for public debate on Thursday evening, aimed at mitigating the shock of fuel prices for Romanian consumers. The legislative document proposes two major measures: lowering the standard excise duty applicable to diesel and establishing a solidarity tax on the exceptional revenues earned by oil companies. This government intervention in the domestic market comes at a critical time for the national economy, pressured by an inflation rate that has reached 9.3%, according to recent data. The solidarity tax aims to redistribute windfall profits from the energy sector to finance the deficit created by lower excise receipts, thereby protecting the state budget. Tense global context: Oil exceeds $115 per barrel following Baltic Sea attacks The need to cap pump costs is dictated by extreme volatility in international markets. Crude oil quotes have surpassed the…