Average consumer prices for transport fuel in Latvia rose by 28.2% on year in May 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. Retail prices for diesel fuel increased by 33.3%, for petrol by 21.5%, and for autogas (LPG) by 14.4% over a year. Compared to April 2026, average fuel prices…
Estonia’s Minister of Finance, Jürgen Ligi, has rejected a proposal to lower the excise duty on diesel fuel temporarily, ERR reports. Ligi argued that broad-based tax cuts would have a very large and lasting negative impact on the state budget, and that targeted measures to support vulnerable households and sectors would be more sensible. In…
The Latvian government is considering a windfall tax on fuel retailers, LETA reports. Under the proposal, fuel retailers would have to pay a solidarity tax if their actual retail price was more than 3% higher than the objectively calculated indicative retail price. Earlier, the government lowered the excise duty on diesel fuel temporarily until 30…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
Estonia’s and Latvia’s state-owned passenger train operators, Elron and Pasazieru Vilciens (Vivi), will open a regular train service from Tallinn via Tartu to the Latvian capital, Riga, on 12 January 2026, ERR reports. Elron received permission from the European Union Agency for Railways (ERA) to use three new Stadler FLIRT diesel trains on Latvian railway…
Farmers in Lithuania staged a protest rally in the country’s capital, Vilnius, on 23-25 January 2024, Baltic News Network reported. Around 3,000 farmers gathered in front of the government building with over 1,500 tractors and forestry trucks blocking the city’s main street. The farmers oppose a rise in the excise duty on LPG, a ban…
The number of new cars sold in Estonia totalled 22,820 in 2023, which was 11.7% more than in 2022, according to data from the Union of Estonian Car Sales and Service Enterprises (AMTEL), ERR reports. Sales were still short of the figure in 2019, when the number of new cars sold totalled 26,589. Hybrid vehicles…
Estonia’s consumer price index (CPI) rose by 9.2% in 2023, compared to the year before, according to Statistics Estonia, ERR reports. The rise of food and non-alcoholic beverages accounted for almost two fifths of the overall rise in consumer prices. Meanwhile, petrol prices dropped by 7.4% and diesel fuel prices by 10.7% over a year….