4,973.87 TL BIST 100 BIST 100
18.64 $ USD USD
€19.57 EUR EUR
€1.05 EUR/USD EUR/USD
10.83 TL Interest Interest
79.57 $ Fossil Oil Fossil Oil
3.80 $ Copper Copper
22.34 $ Silver Silver
108.64 $ Iron Ore Iron Ore
373.00 $ Ship Dismantling Ship Dismantling
1,061.54 TL Gold (gr) Gold (gr)

Spanish government cuts tax on natural gas to 5 percent

The Spanish government reduced the tax on natural gas from 21 percent to 5 percent, as part of the measures it took against the energy crisis that started in Europe due to the Russia-Ukraine War.

Spanish government cuts tax on natural gas to 5 percent

According to the decision taken by the Council of Ministers, the tax rate on natural gas will be reduced from 21 percent to 5 percent, effective between October 1 and December 31. Teresa Ribera, Minister of Ecological Transition and Demographic Struggle, said in a statement to the press that the tax cut on natural gas will also apply to fuel pellets and briquettes, and that they aim to support domestic consumers and industrialists in the face of the energy crisis caused by the tension created by Russian President Vladimir Putin.

Stating that they foresee a savings of 210 million Euros for natural gas users in a three-month period, Ribera stated that the tax reduction period will be extended if necessary.

Spanish Prime Minister Pedro Sanchez announced on September 1 that there would be a tax cut on natural gas. Due to the energy crisis, the government has so far reduced the electricity bill-related taxes by 80 percent, and it has been stated that this will save 10 billion euros for taxpayers.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russia is preparing for a base price in oil

Wednesday, December 7, 2022

ArcelorMittal plant in Ukraine was hit by Russian missile attack!

Tuesday, December 6, 2022

Worldwide investment of 2.2 billion dollars in green construction technologies

Tuesday, December 6, 2022

Encouragement to green production from the German Minister of Economy

Tuesday, December 6, 2022

EU proposal for violation of sanctions against Russia

Monday, December 5, 2022
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Feedback
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now