Romanian government reduces oil excise duty - "Solidarity tax" on extraordinary profits of companies starts from April 7
The Romanian government has approved an emergency decree to temporarily reduce excise duty on standard crude oil and introduce a "solidarity tax" on windfall profits of oil producers and sellers. Officials say the decisions are part of a broader package aimed at protecting the economy and consumers from rising fuel prices amid the US-Israeli war on Iran.
The decision was made amid concerns about inflation and the broader economic impact of fuel prices. From April 7, the tax on standard diesel will be reduced by around 0.06 euros excluding VAT. The government estimates that the excise duty reduction will have a budgetary impact of approximately 118 million euros.
The decree also establishes a "solidarity contribution" for companies that extract or sell oil in Romania. The tax applies only to extraordinary profits and can reach up to 60% of additional profits generated during current market conditions.
At the end of March, the government declared a state of crisis in the crude oil and petroleum products market between April 1 and June 30 and introduced several measures, including limiting price increases for gasoline and diesel to the average levels applied by each operator in 2025.
Currently, Euro95 gasoline is sold at an average price of 1,681 euros per liter, while the price of diesel is 2,025 euros per liter.
In March, Romania also expanded a state aid scheme for road transport operators to offset the increase in oil prices due to the conflict in the Middle East. The country also expanded a state aid scheme for oil used by farmers.
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