From August 1, new VAT rates and higher excise duties will lead to price hikes in all sectors, including fuel.
Adrian Rusu
.webp)
Economy
Foto: shutterstock.com/ro
Always see our news on Google
As of August 1, Romania will apply new VAT rates of 11% for essential food and services and 21% for non-food goods, which will lead to higher prices. For example, a 100 lei product will cost 2 lei more. The Competition Council will monitor prices to prevent speculation. The increases will also affect fuel, with prices estimated at 7.4 lei for gasoline and 7.8-7.9 lei for diesel. The NBR warns of a rise in inflation, estimating a 9% rate by the end of the year, influenced by new tax measures.
Latest News
10:53
The escaped inmate from Baia Mare Penitentiary was caught by the police two days later. Where he was found
10:52
ANM: The heat wave intensifies on Friday across the country / 12 counties and the Capital, under a yellow heatwave warning
10:26
The stakes of Nicușor Dan's visit to New York. The President will lead Romania's delegation to the 81st session of the UN General Assembly.
10:15
Emmanuel Macron will receive the Saudi crown prince on Sunday and Monday. They will discuss regional stakes and bilateral cooperation.
09:57
The year 2027 could be the hottest year ever recorded due to the intensification of the El Nino phenomenon.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
