The press service of the Ministry of Finance has announced the government's intention to gradually increase the excise tax on fuel until 2028. This decision is aimed at achieving the minimum excise tax rates set by the EU.

"The revision of excise taxes is due to the need to approximate national legislation to the legislation of the European Union, which is currently relevant in view of Ukraine's status as a candidate country for EU membership," the statement said.

The implementation of this draft law will provide additional revenues to the state budget in the second half of 2024 in the amount of about UAH 1.6 billion per month. Out of this amount, UAH 1.3 billion will be received from the excise tax, and UAH 292 million - from the value added tax.

"This is important for maintaining the country's security, as all own revenues are directed to the security and defense sector," the Ministry of Finance summarized.

Recently, the Ministry of Finance also proposed to introduce an excise tax on soda.