Tax & Spend
Sweden Proposes to Cut Fuel Tax and Reduce Iran War Price Impact
A man fuels a vehicle at a gas station in the Stockholm area.
Source: Xinhua News Agency/Getty Images
Sweden’s government said it will temporarily cut the duty on vehicle fuels to reduce the inflationary impact of the Iran war on voters six months ahead of a general election.
Sweden will lower the tax on petrol by 1 krona per liter and on diesel by 0.4 krona per liter between May 1 and Sept. 30 at a cost of 1.64 billion kronor ($175 million), Prime Minister Ulf Kristersson said at a news conference in Stockholm on Monday.