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BackDear fuel, Adusbef: Italy below the EU average due to increases in diesel fuel, but taxes still high
Dear fuel, Adusbef: Italy below the EU average due to increases in diesel fuel, but taxes still high
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ANSA Economia17 minutes agoBusiness1 min readItalyView original

Dear fuel, Adusbef: Italy below the EU average due to increases in diesel fuel, but taxes still high

Bulgaria, the Czech Republic and Finland have recorded the largest increases since the start of the conflict in the Middle East

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According to a study by Adusbef based on data from the European Commission, Italy has recorded a 26% increase in the price of diesel fuel since the start of the conflict in Iran, a figure lower than the EU average of 30%, despite maintaining high taxation.

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Why It Matters

Adusbef study on fuel prices in Europe comparing pre- and post-conflict European Commission data.

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Bulgaria, the Czech Republic and Finland are the European countries which have recorded the greatest increase in the price of diesel since the war broke out in Iran. In the ranking relating to the escalation of fuels, Italy places itself better than the European average but, despite the cut in excise duties, our compatriots continue to pay higher taxes on petrol and diesel than the EU average. The data comes from Adusbef, which carried out a study comparing the price lists at the fuel pump in Europe.

On the basis of data provided by the European Commission, Adusbef indicates, comparing the week of 7 September with the week of 23 February, i.e. the one before the start of the conflict in the Middle East, the country where diesel has increased the most is Bulgaria, where prices at the pump have risen by almost 48%, followed by the Czech Republic (+43.7%) and Finland (+42.6%). The only state that records an unchanged price is Malta, which however enjoys a regime of administered fuel prices, while the best performances are recorded in Ireland, with the price of diesel rising by only 12.5%, Adusbef further analyses. The highest price is that charged in Finland, on average 2.477 euros per litre; the lowest in Malta (1,210 euros/litre) and in Spain (1,785 euros/litre).

In Italy, thanks to the excise duty cut of 17 cents, the Adusbef analyzes again, the price of diesel has grown by 26% compared to the pre-war period, equal to an increase of +44 euro cents per liter in the period considered. A better figure than the European average, considering that the increase in diesel at the pump in the EU was 30%, with the price rising on average by 55 euro cents compared to the pre-conflict period.

Open Questions

  • What will be the next changes in excise duties in Italy?

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This article was originally published by ANSA Economia.

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