⛽️ FUEL PRICES
The rise in fuel prices is a huge problem for Latvia and all of Europe.
It directly hits people's wallets and makes almost everything more expensive:
🚗 private transport, 🚆 trains, 🚌 buses, ✈️ aviation, 🚛 logistics, 🚒 firefighting, 🚓 police, 🚑 emergency medical services
The rise in fuel prices also means higher prices in stores and additional pressure on inflation. It reduces the purchasing power of money and in winter will directly affect both consumption and the cost of living.
It's important to understand – there is no direct correlation between the price of oil on the exchange and the fuel price at the filling station, especially for diesel.
Fuel traders do not buy finished fuel on the oil exchange. The prices of finished oil products are largely formed by PLATTS international fuel price indices.
🛢️ Diesel is a particular problem.
Diesel price and availability can become a long-term problem because global refining capacity is disrupted.
🇷🇺 In Russia, a significant part of fuel refining capacity is out of order. Russia has restricted fuel exports because it needs to supply its own market, and some products are also purchased from 🇨🇳 China.
This increases tension in the global fuel market and demand for diesel.
🇱🇻 This is particularly important for Latvia, as about 67% of our car fleet is diesel cars.
❄️ An additional problem comes in winter – winter diesel production also uses aviation fuel or kerosene fractions, so in the cold season competition for these raw materials increases even more.
🏛️ The government will decide this week on measures to reduce fuel prices to the allowable minimum, using all tools available to the government.
Planned solutions:
➖️ reduced excise duty – approximately -8 cents/litre
➖️ abolition of fuel reserve requirement costs – approximately -8 cents/litre
➖️ abolition of bio-additive requirement – approximately -4 cents/litre
💶 Total possible reduction – up to 20 cents per litre.
On Wednesday, we will submit the decisions adopted by the Cabinet of Ministers to the Saeima Budget and Finance Committee for further progress in the Saeima.
The goal – for the fuel price reduction to take effect from 1 October to 31 December.
🌍 The biggest external risk right now is the situation in the Strait of Hormuz.
The Strait of Hormuz is one of the world's most important energy arteries, through which significant supplies of:
🛢️ oil
⛽️ petrol and diesel products
✈️ aviation fuel
🔥 LNG gas
🌾 and mineral fertiliser raw materials are provided.
Hostilities, uncertainty, damage to oil infrastructure and disruptions to refineries in the Middle East directly affect fuel prices worldwide.
🇵🇱 Today I have a planned conversation with Polish Prime Minister Donald Tusk. One of the issues will also be the ORLEN refinery in Mažeikiai and fuel availability in our region.
⚠️ If the situation in the Middle East does not improve, the European Union could reach a situation where the issue is no longer just about the fuel price.
A common fuel availability problem could also arise.
We will follow the situation and act.
I will report on further developments.
#hormuz#degviela
APVIENOTAIS SARAKSTS - Latvijas Zaļā partija, Latvijas Reģionu Apvienība, Liepājas partija · Politiķis un žurnālists
Tweet
I am against any migration, but according to @suvajevs logic, migrants who illegally cross the state border and who are integrated in Russian at state expense by Gātere, Lāce and Raubiško are the good ones, but those who would enter legally and buy an apartment for half a million are the bad ones. What hypocrisy.
APVIENOTAIS SARAKSTS - Latvijas Zaļā partija, Latvijas Reģionu Apvienība, Liepājas partija · Politiķis un žurnālists
Tweet
On TikTok, they're telling at length how bad the Waterfront project is. I agree, Andris! But… it's a project accepted by the Riga municipality, and the municipality is currently led by the mayor from Progresīvie. So maybe you should also do something—fight, cancel the permits, and don't build the infrastructure…
The board of the National Alliance has decided to expel from the party Valts Dalbiņš, a candidate for the 15th Saeima elections, who has normalized violence against women in social media posts. https://t.co/mWfET5QFsv
APVIENOTAIS SARAKSTS - Latvijas Zaļā partija, Latvijas Reģionu Apvienība, Liepājas partija · Ekonomists (FM ministra birojs)
Reply
I agree. The loud prattling has helped erode public trust in the authorities. But it has never been high in most of the former Eastern Bloc countries. Just as they didn't believe during Soviet times, they don't believe now.
A more recent example from Germany. The populist AfD is 2+ times more popular in the former East Germany than, for example, in Bavaria. The paradox is that the same immigrant problem is 2 times more pronounced in the rich federal states than in the former East Germany.
@guntarsv@AivarsMarkots@romans_melniks The ordinary person doesn't see that. He sees his tax burden and in return: RB, AB, endless procurement cost overruns, cartels, studies, Kariņš's private jet!!! Etc. The stealing has exhausted people.
⛽️ FUEL PRICES
The rise in fuel prices is a huge problem for Latvia and all of Europe.
It directly hits people's wallets and makes almost everything more expensive:
🚗 private transport, 🚆 trains, 🚌 buses, ✈️ aviation, 🚛 logistics, 🚒 firefighting, 🚓 police, 🚑 emergency medical services
The rise in fuel prices also means higher prices in stores and additional pressure on inflation. It reduces the purchasing power of money and in winter will directly affect both consumption and the cost of living.
It's important to understand – there is no direct correlation between the price of oil on the exchange and the fuel price at the filling station, especially for diesel.
Fuel traders do not buy finished fuel on the oil exchange. The prices of finished oil products are largely formed by PLATTS international fuel price indices.
🛢️ Diesel is a particular problem.
Diesel price and availability can become a long-term problem because global refining capacity is disrupted.
🇷🇺 In Russia, a significant part of fuel refining capacity is out of order. Russia has restricted fuel exports because it needs to supply its own market, and some products are also purchased from 🇨🇳 China.
This increases tension in the global fuel market and demand for diesel.
🇱🇻 This is particularly important for Latvia, as about 67% of our car fleet is diesel cars.
❄️ An additional problem comes in winter – winter diesel production also uses aviation fuel or kerosene fractions, so in the cold season competition for these raw materials increases even more.
🏛️ The government will decide this week on measures to reduce fuel prices to the allowable minimum, using all tools available to the government.
Planned solutions:
➖️ reduced excise duty – approximately -8 cents/litre
➖️ abolition of fuel reserve requirement costs – approximately -8 cents/litre
➖️ abolition of bio-additive requirement – approximately -4 cents/litre
💶 Total possible reduction – up to 20 cents per litre.
On Wednesday, we will submit the decisions adopted by the Cabinet of Ministers to the Saeima Budget and Finance Committee for further progress in the Saeima.
The goal – for the fuel price reduction to take effect from 1 October to 31 December.
🌍 The biggest external risk right now is the situation in the Strait of Hormuz.
The Strait of Hormuz is one of the world's most important energy arteries, through which significant supplies of:
🛢️ oil
⛽️ petrol and diesel products
✈️ aviation fuel
🔥 LNG gas
🌾 and mineral fertiliser raw materials are provided.
Hostilities, uncertainty, damage to oil infrastructure and disruptions to refineries in the Middle East directly affect fuel prices worldwide.
🇵🇱 Today I have a planned conversation with Polish Prime Minister Donald Tusk. One of the issues will also be the ORLEN refinery in Mažeikiai and fuel availability in our region.
⚠️ If the situation in the Middle East does not improve, the European Union could reach a situation where the issue is no longer just about the fuel price.
A common fuel availability problem could also arise.
We will follow the situation and act.
I will report on further developments.
#hormuz#degviela
No woman has “deserved” violence. The only ones who deserve a slap in the face are wife-beaters! And those who look for circumstances under which women should be “hit” should see a doctor. #VardarbībaPretSievietiIrMemmismshttps://t.co/Q0Rgts5fgd
The National Alliance considers that Valts Dalbiņš has publicly expressed views that are incompatible with the values of the National Alliance. The party board has decided to expel him from the National Alliance.
⛽️ FUEL PRICES
The rise in fuel prices is a huge problem for Latvia and all of Europe.
It directly hits people's wallets and makes almost everything more expensive:
🚗 private transport, 🚆 trains, 🚌 buses, ✈️ aviation, 🚛 logistics, 🚒 firefighting, 🚓 police, 🚑 emergency medical services
The rise in fuel prices also means higher prices in stores and additional pressure on inflation. It reduces the purchasing power of money and in winter will directly affect both consumption and the cost of living.
It's important to understand – there is no direct correlation between the price of oil on the exchange and the fuel price at the filling station, especially for diesel.
Fuel traders do not buy finished fuel on the oil exchange. The prices of finished oil products are largely formed by PLATTS international fuel price indices.
🛢️ Diesel is a particular problem.
Diesel price and availability can become a long-term problem because global refining capacity is disrupted.
🇷🇺 In Russia, a significant part of fuel refining capacity is out of order. Russia has restricted fuel exports because it needs to supply its own market, and some products are also purchased from 🇨🇳 China.
This increases tension in the global fuel market and demand for diesel.
🇱🇻 This is particularly important for Latvia, as about 67% of our car fleet is diesel cars.
❄️ An additional problem comes in winter – winter diesel production also uses aviation fuel or kerosene fractions, so in the cold season competition for these raw materials increases even more.
🏛️ The government will decide this week on measures to reduce fuel prices to the allowable minimum, using all tools available to the government.
Planned solutions:
➖️ reduced excise duty – approximately -8 cents/litre
➖️ abolition of fuel reserve requirement costs – approximately -8 cents/litre
➖️ abolition of bio-additive requirement – approximately -4 cents/litre
💶 Total possible reduction – up to 20 cents per litre.
On Wednesday, we will submit the decisions adopted by the Cabinet of Ministers to the Saeima Budget and Finance Committee for further progress in the Saeima.
The goal – for the fuel price reduction to take effect from 1 October to 31 December.
🌍 The biggest external risk right now is the situation in the Strait of Hormuz.
The Strait of Hormuz is one of the world's most important energy arteries, through which significant supplies of:
🛢️ oil
⛽️ petrol and diesel products
✈️ aviation fuel
🔥 LNG gas
🌾 and mineral fertiliser raw materials are provided.
Hostilities, uncertainty, damage to oil infrastructure and disruptions to refineries in the Middle East directly affect fuel prices worldwide.
🇵🇱 Today I have a planned conversation with Polish Prime Minister Donald Tusk. One of the issues will also be the ORLEN refinery in Mažeikiai and fuel availability in our region.
⚠️ If the situation in the Middle East does not improve, the European Union could reach a situation where the issue is no longer just about the fuel price.
A common fuel availability problem could also arise.
We will follow the situation and act.
I will report on further developments.
#hormuz#degviela
APVIENOTAIS SARAKSTS - Latvijas Zaļā partija, Latvijas Reģionu Apvienība, Liepājas partija · Ekonomists (FM ministra birojs)
Reply
Yes, we also gave the cooperation partners the budget breakdown and asked them to come with proposals. So far they have offered some tens of millions. I myself have a list of options for a few hundred million. But. There's no point in it right now anyway, because 400+ new expenditures have been decided, waiting in line. What they cut, they'll cover with double the new expenditures.
But there is a reserve - a review of expenditures in the amount of €850 million. Promises must be kept and the ends will start to meet. So that it doesn't happen like with JV and Pro, who only borrowed and let the country down into an abyss of backwardness. https://t.co/OHx5mxKehzhttps://t.co/6OpTwBLrUT
APVIENOTAIS SARAKSTS - Latvijas Zaļā partija, Latvijas Reģionu Apvienība, Liepājas partija · Ministru prezidents
Reply
@MS636TQM@Apvienotais_ VAT is a tax that is EU-coordinated. We cannot take it upon ourselves and act as whims. For quick action we can only do what we are allowed to decide immediately.
@AndrisKulbergs@Apvienotais_ The VAT increase will cover the government's 'favor'... with interest. Good that there is an opportunity to make excuses... with not allowed.