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5 clusters · 18 sources · 31 days · First seen · Last updated

Swedish fuel tax expirations and rising price projections

Overview

Swedish fuel prices are rising following the expiration of temporary tax relief measures. On October 1, the energy tax on gasoline and diesel returned to previous levels, causing gasoline prices to increase by approximately one Swedish krona per liter (including VAT) and diesel prices to rise by about 40 öre.

Newer projections suggest more significant increases are ahead. A temporary reduction in the carbon tax is scheduled to expire on December 1, which could raise prices by approximately three SEK per liter including VAT. Energy economist Claes Hemberg has warned that diesel prices could surpass 30 SEK per liter before the end of the year, potentially breaking the 2022 record of 28.67 SEK. This volatility is driven by the expiration of tax exemptions, a weakened Swedish krona, and diesel shortages in Europe.

Political uncertainty has complicated the mitigation of these costs. While the government previously proposed a package of measures to assist small businesses and transporters through December 31, potential political deadlock poses a risk. Political scientist Tommy Möller notes that if a caretaker government is required during prolonged negotiations, it would likely avoid the active political initiative of extending fuel tax cuts.

Additionally, new data from the European Environment Agency indicates that plug-in hybrid vehicles in the EU produce significantly higher real-world CO2 emissions than officially declared, with petrol and diesel hybrids exceeding WLTP certification levels by four to five times. This discrepancy stems from vehicles being certified based on higher proportions of electric driving than occurs in practice.

Entities

Sweden · Viktor Gunnarsson · Sweden Democrats · Green Party · Drivkraft Sverige

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [BUSINESS] 4 sources
    Sweden diesel prices could exceed 30 SEK per liter

    Swedish diesel prices may exceed 30 SEK per liter due to expiring tax cuts, European diesel shortages, and a weak krona, potentially breaking previous records.

  2. [BUSINESS] 2 sources
    Sweden fuel prices rise as temporary tax cuts expire

    Swedish fuel prices are rising as temporary tax cuts expire, but a significant price gap compared to Norway continues to drive cross-border refueling by Norwegian motorists.

  3. [BUSINESS] 3 sources
    Sweden extends fuel tax discounts for small businesses through year-end

    Sweden will extend fuel tax reductions for small businesses and the self-employed through December 31 to combat rising energy costs caused by Middle East instability.

  4. [BUSINESS] 4 sources
    EU plug-in hybrid emissions and Swedish fuel tax changes

    EU plug-in hybrids are emitting 4-5 times more CO2 in real-world driving than declared, while Swedish petrol prices are projected to rise by up to four kronor per liter as temporary tax cuts expire.

  5. [BUSINESS] 6 sources
    Sweden fuel prices may rise amid political deadlock

    Swedish fuel prices could rise by 4 SEK per liter as temporary tax cuts expire on October 1, potentially exacerbated by a political power vacuum during government negotiations.

Sources

automotorsport.se · blt.se · bors-nliv.svd.se · borskollen.se · dagensps.se · dogaja.se · fight.org · flashback.org · hd.se · hemnytt.com · konto.samnytt.se · omev.se · orebronyheter.com · realtid.se · sektor3.se · sydsvenskan.se · tekniikkatalous.fi · world-today-news.com

This summary has been updated 4 times: see revision history