On the day the European Commission is set to propose an increase in the minimum level of road diesel taxation in Europe (1), a new study shows
that average road fuel taxes in Europe have declined by 10 cents per litre in real terms since 1999. If taxes had been inflation-corrected and the revenues
used to lower labour taxes, 350,000 jobs would have been saved, oil imports would have been cut by €11 billion, and road transport CO2 emissions would
have been 6% lower, according to the report (2).