Japan's political parties have officially reached an agreement to abolish the temporary fuel tax at the end of the year!
The Liberal Democratic Party, the Restoration Party, and six opposition parties have officially reached an agreement today on the abolition of the temporary fuel tax rate, which will be abolished on December 31st, and they have jointly signed documents.
In addition to abolishing the temporary tax rate, the negotiations between the ruling and opposition parties also added a consensus on gasoline subsidies. Starting from this month's 13th, the subsidy will increase from the current 10 yen to 15 yen, reach 20 yen on the 27th two weeks later, and reach 25.1 yen on December 11th, two weeks after that. By gradually increasing the subsidy, the price of gasoline will eventually be reduced to the same level as after the abolition of the temporary tax rate.
Additionally, regarding the temporary tax rate on light oil transactions, the price of light oil will first be reduced through subsidies, and then the temporary tax rate will be abolished on April 1st next year.
Original: www.toutiao.com/article/1847918222049292/
Statement: This article represents the views of the author himself.