The price of diesel continues to rise, quickly reducing the effects of the excise tax cut that came into effect at the beginning of the week. The Government has allocated an additional 125 million euros to maintain the tax discount of 17.2 cents per liter until August 6, but data show that the benefit was less than expected. After the drop recorded in the days immediately following the entry into force of the measure, the cost of diesel has started to rise again, going from 2.066 euros per liter on Thursday to 2.092 euros recorded yesterday. Gasoline has followed a similar trend, reaching 1.998 euros per liter. A dynamic that puts the Government in front of the difficult decision, expected at the next Council of Ministers, whether to extend or modify the excise tax cut.
The price of diesel continues to rise
Territorial differences remain marked. The highest prices are recorded in the South and Friuli Venezia Giulia, where gasoline has now exceeded the threshold of 2 euros per liter and diesel is sold above 2.10 euros. A more favorable situation in Marche, which has the lowest average prices in the country, while Piedmont is slightly below the national average. On the highway network the price increases are even more evident, with diesel exceeding on average 2.17 euros per liter. According to Codacons, despite the excise tax cut being in effect for only a few days in the month, the overall expenditure for refueling increased by about 782 million euros compared to the same period last year.
Effect of the excise tax cut reduced
The increase in fuel prices continues to have significant repercussions on families and businesses, particularly on self-employed transport workers, such as truck drivers, taxi drivers, and chauffeur rental operators, for whom fuel represents one of the main cost items. The Cgia of Mestre emphasizes that national interventions alone are not sufficient to counter the phenomenon and calls for a coordinated initiative at the European level to allow a stable reduction in the tax burden on energy products. Meanwhile, according to Codacons, the increase in pump prices has also resulted in an increase in tax revenue for the State, thanks to VAT and excise duties applied to fuels.
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