A countdown that advances and, at the same time, fuel prices that rise. A combination that increasingly worries the Government during the summer break, which could be interrupted – next week – to intervene again on the high fuel prices.
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When the discount expires
The date marked on the calendar is Tuesday, August 25, when the cut on diesel excise duties of 17 cents (VAT included) will expire after practically a month. A measure that was introduced at the end of July and renewed at the beginning of August in the last Council of Ministers before the summer break.
The reason for intervening only on diesel is linked to the rigidity of its demand. It is indeed the most used fuel for the transport of goods or in various activities such as fishing and agriculture: it is no coincidence that hundreds of millions of euros in tax credits have been made available to help companies in all the mentioned cases.
Prices
Yet, despite the expenditure of 245 million euros set in the Council of Ministers on August 4, the price of diesel has remained significantly higher. And it has continued to rise, reaching today 2.107 euros per liter. A value far from that reached when it was decided to proceed with the last excise cut – on July 28 a liter of diesel cost 2.180 euros per liter, that is 7 cents more – but which still causes concern in view of the end of the pump discount. Without new interventions, from next Wednesday diesel would reach 2.277 euros per liter. A record.
The price of gasoline, although decidedly higher than last winter, has been stable for weeks. It hovers around 2 euros per liter, a record figure for the year but not historically, since with the conflict in Ukraine in 2022 higher peaks were reached.
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