Published by Global Banking & Finance Review®
Posted on March 26, 2026
1 min readLast updated: March 26, 2026
Add as preferred source on GoogleNorway’s Storting (parliament) is set to vote on March 26, 2026 on short‑notice proposals to slash petrol and diesel taxes amid a spike in oil prices driven by the Iran‑related Middle East war. The opposition Conservative Party initiated the vote; the ruling Labour government will offer its own plan
OSLO, March 26 (Reuters) - Norway's parliament will vote on Thursday on proposals to cut petrol and diesel taxes to ease soaring fuel prices in the wake of the war in the Middle East, which has driven up the cost of oil, several political parties said.
A vote was scheduled at short notice following a proposal from the opposition Conservative Party, bypassing the traditional fiscal budget process that can take months to complete.
The minority Labour Party government said it will present proposals of its own ahead of the vote later on Thursday.
The Centre Party, which may hold the deciding vote, said it will support "any proposal that can bring down taxes".
(Reporting by Terje Solsvik; Editing by Himani Sarkar)
Norway is considering cutting petrol and diesel taxes to help offset soaring fuel prices resulting from the impact of the Middle East war on oil costs.
The vote was proposed by the opposition Conservative Party, prompting quick parliamentary action outside the regular budget process.
The Norwegian parliament is scheduled to vote on the fuel tax proposals on Thursday.
The Centre Party may hold the deciding vote and has stated it will support any proposal that brings down fuel taxes.
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