Motor fuel prices raised by 2.8 to 6.4 percent

The Belarusian State Petrochemical Industry Concern (Belnaftakhim) on September 3 raised its retail prices of gasoline and diesel fuel by 2.8 to 6.4 percent.

According to Belnaftakhim’s press office, Normal-80 gasoline increased in price by 200 to 7,400 rubels per liter, 92 octane gasoline by 400 to between 7,700 and 7,800 rubels, 95 octane gasoline by 500 to 8,300 rubels, and diesel fuel by 500 to 8,500 rubels.

The prices were raised to partially compensate Belnaftakhim for increases of 45 and 70 percent in the rates of excise tax on gasoline and diesel fuel, respectively, the press office said.

The previous increase in motor fuel prices this year occurred on January 16, when the prices were raised by between four and 6.7 percent.

Belnaftakhim linked the increase to a 20-percent rise in the rate of excise tax on petroleum products and a fourfold rise in the rail transportation rate for petroleum products.

In 2012, motor fuel prices were raised four times, with Normal-80 gasoline increasing in price by 32.4 percent, 92 octane gasoline by 21.9 percent, 95 octane gasoline by 23 percent and diesel fuel by 21.4 percent.