New excise duty cut until November 7th, around 4.9 cents on diesel

The excise duty cut on diesel returns until November 7th. The decree which provides for a reduction of 632.90 euros per thousand liters has been published in the Official Journal.

"In order to compensate for the greater value added tax revenues compared to the latest forecast, deriving from the increase in the international price, expressed in euros, of crude oil, for the period from 28 October 2026 to 7 November 2026, the excise duty rate on gas or diesel oils", we read, "is redetermined to the extent of 632.90 euros per thousand litres".

In practice, around 4 cents per liter which becomes around 4.9, including VAT. The coverage is provided with "with a portion, equal to 38.7 million euros, of the increased revenue achieved in the period from 1 September to 30 September 2026 in relation to the periodic payments of the value added tax.