A new ministerial decree is expected in the coming hours, designed to finance mobile excise duties by drawing on the VAT surplus related to the month of May. The operation is part of the government’s broader attempt to manage the impact of energy price increases, preventing costs from translating into further tensions on consumer prices. In the background, there remains the need to find rapid coverage compatible with budget constraints, at a time when any intervention on indirect tax pressure, especially related to fuels, becomes politically and technically sensitive.
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Excise duty cut, the government turns to banks
Meanwhile, the possibility of extending the fuel tax cut until the end of June continues to be evaluated. Antonio Tajani spoke about it during internal evaluations brought to public attention. On the day Matteo Salvini relaunches the idea of taxing bank extra-profits. The head of the Mit particularly refers to the performance of the main institutions’ accounts, indicating the quarterly reports of Unicredit and Intesa Sanpaolo as a reference, and stating that high profits, according to his approach, should translate into a contribution to economic growth. However, a direct intervention on banks is not on the executive’s agenda: the focus, at least for now, is mainly on understanding how to transform the flexibility margins granted by the EU into operational measures.
Petrol and diesel price increases
The hypotheses under discussion look at using approximately 14 billion resources (distributed over three years) to mitigate the effects of price increases, seeking solutions that reach workers and families, perhaps through instruments such as fuel bonuses or other benefits conveyed by companies with tax breaks. In this framework, options considered less coherent or in any case difficult to activate quickly, such as a contribution through the so-called “Carta Dedicata a te” (Dedicated to you Card), are discarded or set aside.
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