Sweden extends fuel tax discounts for small businesses through year-end

The Swedish government is set to approve a new package of measures to mitigate rising energy prices caused by the conflict in the Middle East, specifically targeting thousands of small business owners and self-employed individuals.

The measures include an extension of tax reductions on gasoline and diesel through December 31. The discounts will be highest in October at 20 cents per liter, decreasing to 13 cents in November, and remaining at 6 cents in December. This adjustment to hydrocarbon taxation aims to pass savings directly to consumers and businesses at the pump.

The decision follows the expiration of previous support measures on September 30. The extension is intended to assist sectors that rely heavily on vehicles for daily operations, such as professional transporters and service providers who use vehicles as essential work tools.