Croatia cuts fuel excise on soaring prices.

By bne IntelliNews March 9, 2011
The Croatian government cut excise duties by HRK 0.15 (EUR 0.02) on the most used fuels by end-2011 to partially offset the negative effect of soaring global prices on customers, HINA news agency reported. Finance minister Martina Dalic said at a news conference that the measure might cost the budget about HRK 25mn in lost revenues a month. The excise tax might be restored to its earlier rate if prices on the international markets fall or stabilise.
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