Diesel: higher excise duties come into force today – no extension of the reduction has been published in the Official Gazette as yet
Until Monday 5 October, the discount on diesel was 6.1 cents per litre, whilst there were no discounts on petrol
Key points
After more than two months, it looks as though the discounts on diesel are set to end. In Monday’s Official Gazette – the last day on which the 6.1-cent-per-litre discount on diesel was in force – there is no interministerial decree between the Ministry of the Economy and the Ministry of the Environment to activate the mechanism for variable excise duties using the VAT windfall.
Taking into account the discount that has been in place until now, from today, Tuesday 6 October, prices could rise by around 6.1 cents per litre. As for petrol, however, nothing will change: since the summer, the government has decided not to intervene on unleaded petrol, as it is cheaper (just over two euros per litre, on average, in Italian cities).
How much does diesel cost?
According to the latest figures from the Ministry of Enterprise, the price of diesel could rise to around 2.3 euros per litre: a figure that is, however, lower than the highs reached last week, namely 2.369 euros.
Fuel discounts
The fall in prices is not linked to the stabilisation of the situation in the Middle East or to a drop in oil prices, with Brent crude remaining at around $100 a barrel. In Italia, prices have been falling for a week, that is, since Eni announced it was setting a price cap (€1.99 for petrol and €2.19 for diesel) and the other major brands followed suit.
