STOCKHOLM, Jan 27 (Reuters) – Sweden’s government said on Thursday it had asked parliament to approve plans to cut taxes on petrol and diesel amid a surge in energy prices that has seen electricity bills and motoring costs soar.
The government said the plan would cut pump prices by around 50 ore, or around 5 cents per litre, reducing tax income in 2022 by around 2.4 billion Swedish crowns ($257 million).
Crude prices have soared since the spring of 2020, rising from around $20 per barrel to around $90.
In Sweden, diesel costs around 21.2 crowns per litre, up around 40% from this time last year, and petrol at 18.8 crowns per litre is up almost 30%.
Higher energy costs have pushed up inflation, which hit its highest level in nearly 30 years in December.
The government has already announced an electricity rebate for consumers which will cost around 7 billion Swedish crowns, revised up from an initial estimate of 6 billion.
Photo – EPA/GUILLAUME HORCAJUELO
A doctor who recently returned to France from a humanitarian mission in the Democratic Republic of Congo has tested positive for Ebola, marking the country's first confirmed case linke...
An Afghan Taliban delegation met EU officials in Brussels on Tuesday for the first time, an event rights groups denounced as legitimising the Islamists but the EU has defended as a step...
Updated 1130
Foreign Demand Fuels Strong Growth in Gozo Tourism Sector Despite Rising Costs: Gozo’s tourism sector enjoyed a strong 2025, with 56% of operators reporting improved busi...
Updated 1200
Parliament Opens New Legislature with Government, Opposition Setting Out Priorities: Malta’s 15th legislature since independence opened with MPs outlining their prioritie...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.
T...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions ...
The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and...
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Te...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Moscow has come under the largest Ukrainian attack since the start of the full-scale war, with close to 200 drones hitting targets around the Russian capital and setting columns of thick...
U.S. President Donald Trump said Russia should make peace with Ukraine after a "very good" meeting with President Volodymyr Zelenskiy on Tuesday, in comments that sparked cautious optim...
