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Influence of Petroleum Products Excise Increase on Budget Revenue

Dmitry S. Gordeev – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration; Senior Researcher of the Institute of International Economics and Finance, Russian Foreign Trade Academy, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In this paper influence of petroleum products excise increase on budget revenue are analyzed. Author shows that in short term budget revenue based on excise and mineral extraction tax will increase, but in long term budget revenue will be neutral to negative, as consumption of gasoline is elastic to price.

Key words: petroleum products, excise, gasoline, transport, tax maneuver.