Rome, Sept. 15 (LaPresse) – Another extension of the discounts on diesel excise duties is expected, while technical experts and the majority parties are working on the targeted aid announced by the government. The current measure introduced by the government last Thursday, which cuts the cost of diesel by 17 cents, expires in two days: the idea under consideration is to introduce another similar measure for 7-10 days. The short duration would be justified by the extreme uncertainty of the geopolitical scenario affecting fuel prices. Gasoline is also under observation, having so far been excluded from this round of discounts, but its price increases – the average price today is 2.120 euros per liter in cities and 2.212 euros per liter on motorways – are causing considerable concern, so much so that intervention on this item as well cannot be ruled out. The wait would also allow for a more precise assessment of the scenario in which to implement economic measures, given that on September 22 it will be known whether the deficit-to-GDP ratio will remain above or below the 3% threshold that determines the exit from the European excessive deficit procedure. This is a variable that will affect the resources the government will have available to ease the burden of rising fuel prices and, more generally, for the budget package to be outlined in mid-October.
Fuel: new extension of diesel excise duty discounts expected
Rome, Sept. 15 (LaPresse) – Another extension of the discounts on diesel excise duties is expected, while technical experts and the majority parties are working on the targeted aid announced by the government. The current measure introduced by the government last Thursday, which cuts the cost of diesel by 17 cents, expires in two days: the idea under consideration is to introduce another similar measure for 7-10 days. The short duration would be justified by the extreme uncertainty of the geopolitical scenario affecting fuel prices. Gasoline is also under observation, having so far been excluded from this round of discounts, but its price increases – the average price today is 2.120 euros per liter in cities and 2.212 euros per liter on motorways – are causing considerable concern, so much so that intervention on this item as well cannot be ruled out. The wait would also allow for a more precise assessment of the scenario in which to implement economic measures, given that on September 22 it will be known whether the deficit-to-GDP ratio will remain above or below the 3% threshold that determines the exit from the European excessive deficit procedure. This is a variable that will affect the resources the government will have available to ease the burden of rising fuel prices and, more generally, for the budget package to be outlined in mid-October.