pakistan
Sweden to cut fuel taxes further as energy prices soar
Key takeaways
- The proposed cut would be 2.4 kronor ($0.25) per litre, which the government said would result in a litre of petrol or diesel being about 3 kronor cheaper the pump after VAT was accounted for.
- The measure, expected to cost around 7.7 billion kronor, was part of a crisis package totalling 17.5 billion kronor presented by the government.
- “We are now facing the worst global energy crisis the world has ever experienced.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize STOCKHOLM, Sweden: Sweden’s government said Wednesday it would temporarily cut fuel taxes to counter rising fuel prices stemming from the war in the Middle East, after it already announced a cut in March.
The proposed cut would be 2.4 kronor ($0.25) per litre, which the government said would result in a litre of petrol or diesel being about 3 kronor cheaper the pump after VAT was accounted for.
The measure, expected to cost around 7.7 billion kronor, was part of a crisis package totalling 17.5 billion kronor presented by the government.
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