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Swedish experts: Raise petrol prices threefold

Staff writer |
Swedish researchers have suggested that fuel prices should be raised to 42 kronor ($6.40) per litre, more three times higher than current prices, if the country is to achieve a vehicle fleet independent of fossil fuels by 2030.

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The government has planned to cut back on the transport sector's dependence on fossil fuels, aiming for an 80-percent decrease within 16 years. If Sweden is to reach this goal petrol prices need to be drastically increased, the National Institute of Economic Research (Konjunkturinstitutet, KI) said.

"We want to make it clear what needs to be done in order to achieve the government's vision of a vehicle fleet that is independent of fossil-fuels. These are drastic measures that come with large economic costs and that can be hard to implement," Eva Samakovlis, researcher at KI, told the Dagens Nyheter newspaper (DN).

Researchers proposed a hike in petrol prices by at least 30 kronor ($4.68) per litre, based on a 900-percent increase on carbon taxes. Current fuel prices in Sweden are around 12 kronor per litre, meaning the price of an average litre of petrol would be 42 kronor.

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