Uzbekistan Plans to Raise Fuel Product Excise Taxes in 2025
Excise Tax Rates on Fuel Products Set to Rise in 2025
In a move to address budgetary needs, the government has approved amendments to the Tax Code that will see excise tax rates on fuel products increase by an average of 10% starting April 1, 2025. This adjustment follows a similar 12% increase that was implemented earlier this year.
The new excise tax rates will impact gasoline, diesel fuel, and other petroleum derivatives, leading to higher prices for consumers. However, there is some relief for natural gas users as the excise rate on natural gas will decrease significantly from 20% to 12% starting January 1, 2025.
These changes are part of the government’s fiscal policy updates aimed at balancing adjustments across various fuel categories while meeting budgetary requirements. Consumers can expect to see the effects of these changes at the pump in the coming months.
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