Petrol and diesel, EU ok to reduce excise duties in Slovenia
Slovenia will be able to reduce excise duties on petrol and diesel below EU minimums for six months. In Italy there is a new temporary cut on diesel.
Quick Look
- EU finance ministers authorize Slovenia to reduce excise duties on petrol and diesel below European minimums for six months.
- At the same time, the Italian government launches a new temporary cut of 4.9 cents per liter on diesel until November 23rd.
AI-generated summary
Why It Matters
The increase in energy costs has pushed several European governments to intervene on excise duties to alleviate the economic burden on families and businesses.
The Finance Ministers of the EU member countries have decided to allow Slovenia to lower the excise duties linked to petrol and diesel even below the minimum levels established by the European Union itself, for a period of six months. The decision, as also confirmed by "Il Sole 24 Ore", will allow Slovenia to increase the excise duty on petrol from 41.759 cents to a minimum of 13.95 cents per liter and that on diesel from 33 cents to 10.5 cents.
The market trend
Before reaching this decision, the Slovenian government had already taken action starting last July, reporting the increase in energy costs as a significant burden on the budgets of families but also businesses. Meanwhile, while waiting for the application of the reduction to become effectively operational, the Minister of Finance, Andrej Šircelj, welcomed the EU's choice with satisfaction, also explaining that any future reductions in excise duties will in any case depend on the market trend.
The choices for Italy
Similar initiatives continue in our country too. The government, just in the last few hours, has decided to launch a new emergency intervention on the cost of diesel, restoring a tax reduction on excise duties equal to 4.9 euro cents per litre. The decision continues, in fact, in the wake of the procedures relating to the last shield, which expired just last Saturday. The inter-ministerial decree, signed jointly by the Ministry of Economy and Finance (MEF) and the Ministry of the Environment and Energy Security (Mase), allows for yet another discount window which will have a temporary duration of two weeks, covering the period from 10 to 23 November.
What to Watch
AI outlook — possibilities, not facts
Diesel discount application in Italy until November 23rd.
Very likely · Within weeks
Open Questions
- What will be the real impact on final consumer prices?
