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North Macedonia Cuts Fuel VAT, Releases State Fuel Oil to Curb Price Hikes

  • The government of North Macedonia reduced VAT on fuels and released fuel oil from state reserves.
  • These measures aim to prevent increases in fuel and electricity prices.
  • VAT on petroleum products will be reduced from 18% to 10% for the next two weeks, lowering fuel prices by 6-7 denars per liter.
  • A state of crisis was declared nationwide to enable effective implementation of these measures.

Source: bta.bg

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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