Italy extends diesel excise cut by one week: set to be last general discount
The Italian government has extended the discount on diesel at petrol stations: the 17.1 cent per litre cut will remain in force until 17 September. It is the 15th measure to curb rising fuel prices, with an overall cost of about €2.7 billion.
The Italian government has extended by one week, until September 17th, a 17-cent discount on the price of diesel fuel. This 14-cent-per-litre reduction in tax results in a lower pump price of approximately 17 cents per litre, accounting for the decreased impact of VAT. The new decree law will cost around 80 million euros. Government sources indicate this will be the final general discount, aimed at benefiting all consumers.
If the government intervenes in fuel prices again after September 17th, it will likely be through a targeted package of measures, focused on supporting low-income groups and those who require fuel for work. According to Corriere della Sera, the government has spent approximately 2.6 billion euros on fuel excise duty cuts and road haulage support from March to the present.
Within the ruling coalition, the League party favors funding future measures using oil companies' windfall profits, while Forza Italia opposes such a move.
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