SUBSCRIBERS
Petrol duty raised, CEVS refined
Published Mon, Feb 23, 2015 · 09:50 PM
Singapore
PETROL excise duties were raised by up to 45 per cent on Monday, with the change to yield S$177 million a year. But with falling oil prices, Finance Minister Tharman Shanmugaratnam said pump prices will still be lower than the levels seen in the last two-and-a-half years.
"To encourage less car usage and reduce carbon emissions, I will raise petrol duty rates which have remained unchanged since 2003," he told Parliament.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons