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BackStop discounts on diesel: increase of 6.1 cents per liter from Tuesday
Stop discounts on diesel: increase of 6.1 cents per liter from Tuesday
Developing
Il Sole 24 Ore1 hour agoBusiness1 min readItalyView original

Stop discounts on diesel: increase of 6.1 cents per liter from Tuesday

dieseldiscountsmobile excise duties

Quick Look

  • After more than two months of discount on diesel, the government has not renewed the mobile excise duty mechanism: from Tuesday diesel prices could increase by 6.1 cents per litre, while petrol remains unchanged.
  • The drop in prices is linked to Eni's decision to set a price cap, not to the situation in the Middle East.

AI-generated summary

Why It Matters

The discount on diesel of 6.1 cents per liter had been in force for over two months thanks to the mobile excise duty mechanism financed by the VAT extra revenue.

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After more than two months, we are moving towards a stop to discounts on diesel fuel. In the Official Journal on Monday, the last day with the 6.1 cents per liter discount on active diesel, there is no inter-ministerial decree between the Ministry of Economy and the Environment to activate the mobile excise duty mechanism thanks to the VAT extra revenue.

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Considering the discount in force until now, prices could increase by around 6.1 cents per liter from Tuesday. For petrol, however, nothing will change: since the summer the executive has decided not to intervene on green petrol, as it is less expensive (just over two euros per litre, on average, in Italian cities).

The price of diesel, according to the latest findings from the Ministry of Business, could reach around 2.3 euros per litre: a figure however lower than the highs reached last week, i.e. 2.369 euros.

The drop in prices is not linked to the stabilization of the situation in the Middle East or a fall in oil prices, with Brent remaining around 100 dollars a barrel. In Italy, price lists have been falling for a week, i.e. since Eni's announcement to set a fixed price (1.99 euros for petrol and 2.19 for diesel) and the other major brands to adapt accordingly.

What to Watch

AI outlook — possibilities, not facts

  • Diesel prices will rise by around 6.1 cents per liter from Tuesday

    Likely · Within days

  • The price of diesel could reach around 2.3 euros per litre

    Possible · Within weeks

Open Questions

  • Does the government plan to reintroduce the discount in the future?
  • What will be the exact impact on transport inflation?
  • Do other European countries have similar measures?

Related Topics

diesel
OrganizationsMinistry of EconomyMinistry of the EnvironmentMinistry of EnterpriseEni
PlacesItaly
Topicsdiscountsmobile excise dutieseniprice cappetrolfuel prices
This article was originally published by Il Sole 24 Ore.

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