While the price of Brent, the main indicator for understanding the cost of global oil, seems to have eased, fuel prices continue to rise steadily. And they are getting closer and closer to what the Government considers critical thresholds. Monitoring is constant, ahead of the Council of Ministers next Tuesday, the last before the summer break.
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Gasoline at its highest since the start of the escalation
Let’s look at the numbers. Starting from the international picture, Brent closed at 87 dollars per barrel. In Italy, however, prices at service stations have been rising for days.
The national average price of gasoline has nearly reached two euros per liter (1.998 euros), with peaks in Bolzano (2.031 euros), in Valle d’Aosta (2.018 euros), and in Friuli (2.017 euros).
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The diesel price increase (discounted)
A different story for diesel. Since the start of the escalation, it has been the most watched fuel, as the price has always been higher due to demand rigidity issues. For this reason, last Monday the Government cut taxes only on diesel, by 17 cents between excise duties and VAT. That day, a liter of diesel cost 2.185 euros; while today it is 2.092 euros. Translated: the actual drop was less than 10 cents.
The Government’s assessments
Meanwhile, the Government has intensified monitoring at fuel stations, as shown by the checks carried out by the Price Guarantor of the Ministry of Enterprises immediately after the excise cut.
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