Diesel price, mobile excise duties return: discount on diesel from today to 23 November

The extra-revenue financing mechanism

The economic coverage of the measure, explains Il Sole 24 Ore, follows the accounting model already adopted monthly since last March. The tax discount at the pump is financed by the greater revenue that the State has collected in the form of VAT due to the general increase in the prices of petroleum products. For this specific decree, not all available resources were used, but a share of 43.2 million euros was allocated from the increased revenue recorded between 1 and 31 October. The financial sustainability of the operation entails a daily cost of just over 3 million euros for the public coffers.

The real impact on price lists at the pump

The temporary interruption of tax breaks showed immediate, albeit limited, effects on the scoreboards of national distributors. Based on official monitoring provided by the Ministry of Business and Made in Italy, at the beginning of the week the price of diesel had recorded a slight increase due to the expiry of the previous extension. With the entry into force of the new ministerial text, diesel prices are destined to settle again at around an average of 2.2 euros per litre. Petrol, excluded from this specific remodulation, has instead maintained a stability that has continued for several days around the threshold of 2 euros per litre.

Alignment with company price caps

Current market values are positioned at levels very close to the maximum tolerable limits defined by the main oil brands. In the Italian distribution panorama, Eni was the only company to formalize a precise price ceiling, setting the insurmountable limits at 1.99 euros per liter for petrol and 2.25 euros for diesel, imposing a commercial standard to which the main competitors have progressively adapted. In the 48 hours without state coverage, the final price of diesel had once again pushed towards the structural maximum ceiling, while the new tax cut will allow the price lists to reposition themselves stably at around 2.20 euros.