North Macedonia Cuts Fuel VAT to 10% for Two Weeks to Ease Price Surge

• North Macedonia reduced VAT on petrol and diesel from 18% to 10% starting March 23 for two weeks.
• The measure is a short-term solution to stabilize fuel prices amid global oil price increases.
• The government aims to protect consumers without causing long-term budget issues.
• Petrol prices are expected to remain stable; diesel prices may rise slightly by €0.04–€0.05 per litre.
• The decision was prompted by already high fuel prices (€1.40/litre for petrol, €1.49/litre for diesel).

Source: fiscal-requirements.com

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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