To relieve motorists, the government is studying the reactivation of the reverse ratchet which allows an automatic reduction in excise duties from a certain price level.
You probably see it every day, your refueling costs you dearly. To counter these very high prices, there is the reverse ratchet system. According to our information, this system could be activated by the federal government in the coming weeks.
What is that ?
It is a mechanism that makes it possible to reduce the share of taxes in the liter of diesel and gasoline, when the price of these fuels reaches a certain threshold.
It is defined by the government. This reverse click is a political decision to limit the impact of the rise in oil on the purchasing power of citizens. As on a liter at the pump, there are around 55% taxes, we can cut back on these taxes to lower the cost of a refuel a little.
What does this mean for our portfolio?
The plan of the Minister of Finance, Vincent Van Peteghem, who was first consulted, consists in activating this reverse ratchet from 1 euro 75 per liter of diesel or 95 gasoline.
The State is thus depriving itself of part of the excise duties on these fuels. For the current maximum price at the pump, of 1 euro 79, that would represent a drop of almost two cents per liter. On a 50 liter full tank, that’s a euro of difference. It is not a revolution for the portfolio but a kind of shock absorber, in the event of a further rise in the price of diesel and gasoline.
When will this system be adopted?
The project was unveiled this morning. Currently, it is negotiated by the heads of cabinet of ministers. It will be on the government’s table, if all goes well, on Friday in the Council of Ministers and applied in the coming weeks.