Fuel: excise duty cut extended until 5 September. Advance tax payment introduced for major energy groups
A decree-law concerning the former Ilva was also presented at Palazzo Chigi, setting out urgent measures to ensure the continued operation of facilities of national strategic interest
by the Rome Editorial Staff
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The Council of Ministers has approved the decree-law on fuel costs. The reduction in excise duty on diesel has been extended until 5 September, according to government sources. The cost of the measure is estimated at around 110 million euros.
This evening, the President of the Republic, Sergio Mattarella, issued the decree-law and authorised the submission to Parliament of the corresponding conversion bill: ‘Urgent provisions concerning oil prices in connection with the ongoing crisis on international markets’.
Following the expiry of the excise duty discount on diesel, the government plans to introduce new support measures to tackle high fuel prices, which will be “income-based”. The strategy, previewed yesterday by sources at Palazzo Chigi, was confirmed during today’s Council of Ministers meeting, according to several sources. The details of these measures will be finalised in the coming days.
A new mechanism for advance tax payments on advance dividends, aimed at large energy groups, is set to be introduced under the fuel decree-law approved by the Council of Ministers. A draft of the measure does indeed contain a provision aimed at energy companies with revenues in 2025 exceeding 20 billion euros. According to the draft text, the advance payment entitles the company to an equivalent tax credit. Government sources explain that the measure was finalised in agreement with the groups concerned.
Furthermore, the Council of Ministers has approved the legislation that shields the former Ilva from the Ministry of the Environment’s formal notice regarding the management of industrial waste and the use of the steelworks’ landfill sites. A suspension had been imposed in this regard. The financial guarantees provided by the company in recent months – which the Province of Taranto, the competent authority on environmental matters, had deemed inadequate and rejected – are now considered adequate because they are valid for one year and no longer for a longer period, as was initially the case.
