An extension of the excise duty cut on diesel of 17 cents until August 25, 2026. This is the solution that took shape in the Council of Ministers on Thursday, August 4. Before the start at Palazzo Chigi, a summit was held between Prime Minister Giorgia Meloni, Deputy Antonio Tajani and Matteo Salvini, and the Minister of Economy Giancarlo Giorgetti. The dossier was addressed in view of the expiration on Thursday, August 6 of the current cut (approved on July 28).
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Giorgetti: extension of excise cut with 245 million, cuts to ministries
“We have cut some expenses at the ministries, they were not very happy, but we will see later,” said the Minister of Economy Giancarlo Giorgetti entering the informal meeting with the presidency office of the Chamber and Senate when asked about the coverage for the extension of the excise cut on diesel. In total, he specified, the measure is worth “245 million.”
Meloni: from August 25 the mobile excise mechanism will start again
Prime Minister Giorgia Meloni, in a post on social media, emphasized: “We have extended the measures against high fuel prices until August 25. We try to do our part to contain the effects of price increases, in a still very complex international phase. From August 25, the mobile excise mechanism will come into effect again, which we will continue to monitor closely to evaluate any further intervention.”
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Average prices still above 2 euros
The Government’s decision took shape after the trend recorded for fuels was still on the rise. According to the latest data from the Fuel Price Observatory of Mimit, diesel returns on average to 2.100 euros per liter in self-service mode along the national road network, while the data monitored on August 3 was 2.097. The average price has therefore risen to the highest level since July 29, the day after the start of the last excise cut approved by the government which reduced the rate for diesel by 17 cents from July 28 to August 6. For gasoline, the average self-service price is stable at 1.999 euros per liter, still on the road network. On highways, however, the average price is 2.084 euros for self-service petrol and 2.173 for diesel.
Salvini: excise cut is fundamental, resources should come from big banks
The day was also marked by statements from government and opposition figures. “Cutting excise duties on petrol and diesel is fundamental. Resources should not be asked from smokers or young people who are having a cocktail this summer, but from the big Italian banks that are making tens of billions of euros in profits,” said Deputy Prime Minister and Lega leader Matteo Salvini in a video posted on X. “With a small contribution from them,” Salvini explains, “we can lower excise duties not for 15 days, but for a year, helping those who use a car, van, or truck every day for work and also families going on vacation. This is the Lega’s proposal.”
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