Uzbekistan to increase excise taxes on fuel products in 2025

Excise tax rates on fuel products, including gasoline, diesel fuel, and other petroleum derivatives, are set to rise by an average of 10% starting April 1, 2025, according to amendments to the Tax Code linked to the newly approved state budget for 2025.

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This adjustment follows a similar increase implemented in April of this year, when excise rates were raised by an average of 12%.

While excise taxes on most fuel products will see a hike in April, the excise rate on natural gas will decrease significantly from 20% to 12% starting January 1, 2025. However, end-consumers will face higher excise taxes on all types of gasoline from April.

The changes are part of the government's fiscal policy updates aimed at addressing budgetary needs while balancing adjustments across various fuel categories.

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