The Romanian state collects half the value of petrol and diesel oil sales, i.e. around 3.5 billion euros in 2010, the equivalent of 9% of its revenues, based on estimates on the amount of fuels sold on the Romanian market. Around 20 million euros' worth of petrol and diesel oil are sold daily on the Romanian market.
According to oil companies, around half the price paid by Romanians at the pump is collected by the Romanian state through excises, VAT or taxes such as the one cent per litre tax levied in order to recover historical debts of the former Compania Rom=n` de Petrol (Romanian Oil Company).
Statements from players in the oil sector are confirmed by European statistics, according to which on January 10th 2011 one litre of petrol cost 1.17 euros on average in Romania, with the tax-less price, i.e. the amount that goes into the pockets of oil companies, accounting for around 50% of direct or indirect taxes that oil companies pay to the Romanian state.
The same is true of diesel oil, where taxes account for around 46%, according to European statistics. The bulk of amounts collected by the state from selling oil products are fetched by excises, which account for 25-30% of the end price, depending on the type of fuel.
The Romanian state collects half the value of petrol and diesel oil sales, i.e. around 3.5 billion euros in 2010, the equivalent of 9% of its revenues, based on estimates on the amount of fuels sold on the Romanian market. Around 20 million euros' worth of petrol and diesel oil are sold daily on the Romanian market.
According to oil companies, around half the price paid by Romanians at the pump is collected by the Romanian state through excises, VAT or taxes such as the one cent per litre tax levied in order to recover historical debts of the former Compania Rom=n` de Petrol (Romanian Oil Company).
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