Politics · Italy · 1 day ago

Lower diesel prices ease pressure for Italy to cut fuel taxes

Lower diesel prices ease pressure for Italy to cut fuel taxes

Diesel prices in Italy have eased slightly, and Eni has brought its recommended diesel price to €2.19 a litre.

That has made an immediate government intervention less urgent.

The government is considering so-called mobile excise taxes, which can use extra fuel-tax revenue to reduce fuel duties.

It has €160 million to €170 million in extra revenue available for this purpose, but the money must be used by the end of the year.

Eni’s price cap is due to expire on October 31, and another company has offered a fuel discount in Sardinia until then.

If fuel prices rise again, the government could use the extra revenue to cut taxes.

Meanwhile, ministers are preparing Italy’s budget plans, with key parliamentary and cabinet decisions scheduled for October 12 and 13.

Sources

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