Fuels

Petrol prices have risen above two euros a litre: this hasn’t happened since 2023

In some areas, prices are higher than average. Starting with the usual province of Bolzano (which almost always tops the list), with an average price of 2.041 euros per litre

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

It had been since mid-September 2023 that the average price of petrol in Italia had not exceeded the psychological threshold of two euros per litre. Almost three years later, that figure has been exceeded once again: this morning, as reported by the Ministry of Enterprise, a litre of petrol costs an average of 2.002 euros.

Different situations

The same highs, but slightly different circumstances. Whilst it is true that, in those years, price rises were due to the war in Ukraine – which drove petrol prices in 2022 to all-time highs, nearing 2.2 euros per litre and forcing the Draghi government to slash excise duties – but the rise at the end of 2023 was mainly linked to production cuts by OPEC countries.

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The most expensive in Bolzano and Calabria

As mentioned, we are talking about national averages. Prices vary from region to region, and in fact not all regions have yet exceeded two euros per litre, albeit only by a small margin. For example, the cheapest unleaded petrol can be found in Lazio (an average price of 1.988 euros per litre) or in the Marche and Veneto regions (both at 1.991 euros).

In other regions, therefore, prices are higher than average. Starting with the usual province of Bolzano (almost always at the top of the list), with an average price of 2.041 euros per litre. Next come Calabria (€2.025) and Puglia and Basilicata (both at €2.02).

Will excise duties on petrol be cut too?

It should be noted that there is currently no reduction in excise duty on petrol. In fact, since 28 July, the only reduction in force has been on diesel, amounting to 17.1 cents per litre. Here too, the situation is getting worse by the day, with the average price now approaching 2.12 euros per litre. It’s not exactly ideal.

The fact remains that, in any case, the discount will end next Tuesday. And so the Government will once again be called upon to address the issue of high fuel prices, which have shown virtually no sign of abating in recent months (except in June, when there were hopes of a truce between the US and Iran).

The issue always revolves around funding. This is because, at the end of August, the additional VAT revenue from August cannot be used, as it will not be recorded until early September. And so the government will have to find other funds, this time to tackle two issues: preventing diesel from rising to nearly 2.3 euros per litre and ensuring that petrol prices do not reach the historic highs seen in 2022.

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