
Intervention financed with the VAT extra revenue of September. Eni and Q8 extend the price cap until the end of the year.
The Italian government intervenes again on diesel excise duties with a cut of 6.1 cents per liter valid for eleven days, financed through part of the VAT extra revenue for September.
AI-generated summary
The government had previously intervened on excise duties until October 5th.
Eleven days discount on diesel prices. The government, after more than three weeks of stoppage, is once again taking action on diesel excise duties, with a cut of 6.1 cents per litre. The same one that was active until October 5th.
The discount at the pump is financed by the extra VAT revenue for September, which as Prime Minister Giorgia Meloni said a few weeks ago was around 170 million. The executive has decided to use only a part of it - 38.7 million - keeping aside some resources for other interventions, including the probable extension of the discount on car tax, which should arrive in the draft budget law today in the Council of Ministers.
Among other things, when the 6.1 cent cut ends on November 7, the government will be able to evaluate an extension given that the data on the VAT extra revenue collected in October will be available.
Without forgetting that in the meantime the energy companies' measures to control prices have been renewed. Eni has extended the price cap until the end of the year and Q8 also said that the commitment will be until December 31st.
Furthermore, the ceiling set by the Italian subsidiary will now drop slightly for diesel, given the excise duty cut applied by the government, thus returning to 2.19 euros per litre; that of petrol, however, remains 1.99 euros.
AI outlook — possibilities, not facts
Evaluation of excise duty cut extension to 7 November
Likely · Within weeks

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The Italian government returns to intervene on diesel excise duties after more than three weeks of stop, introducing a discount of 6.1 cents per liter valid for eleven days.