Singapore Budget 2018: No carbon tax imposed on petrol, diesel, CNG
Published Mon, Feb 19, 2018 · 08:17 AM
THE government will not levy an additional carbon tax on petrol, diesel and compressed natural gas, Finance Minister Heng Swee Keat said on Monday.
Excise duties already apply to these fuels. The government also will not increase excise duties at this point in time, but will continue to review and adjust them periodically, said Mr Heng.
For more stories on Budget 2018, click here.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial
UK wage growth and services inflation too high for rate cut, BOE’s Greene says