January 5, 2023
1 min read

Fuel prices surge in Italy as tax discount expires

As tax discount expired, prices were 1.80 euros for gasoline and 1.87 euros for diesel respectively at self-service pumps…reports Asian Lite News

Petrol and diesel prices in Italy have surged dramatically after a discount on fuel-related excise duties expired.

According to data from the Ministry of Environment and Energy Security, national average prices were 1.64 euros per liter for gasoline and 1.71 euros for diesel at self-service pumps during the week ending December 31, 2022.

As tax discount expired, prices were 1.80 euros for gasoline and 1.87 euros for diesel respectively at self-service pumps, local media reported on Tuesday.

These correspond to increases of 9.8 per cent for petrol and 9.4 per cent for diesel over the span of just a few days.

In the first days of 2023, national prices for full-service petrol stood at 1.95 euros per liter and 2.02 euros for diesel, local media reported.

The increase was due largely to the expiration of the discount on fuel excise tax, which was put in place in March 2022 to help combat a surge in fuel prices.

The discount initially expired on December 1 and was extended at a lower rate until the end of 2022, when it expired entirely.

ALSO READ: 2022 hottest year in Italy since 1800

Previous Story

EU recommends pre-departure COVID tests for passengers from China

Next Story

New Year riots in Germany prompts calls for firecracker ban

Latest from -Top News

Trump Warns Musk: ‘Close Shop or Go Home’

Trump’s warning on his Truth Social platform late on Tuesday (US time) came amid the feud between him and Musk over the ‘One Big Beautiful Bill’….reports Asian Lite News Former US President

India-US Trade Deal Likely This Week

The interim trade deal would be an initial step towards a comprehensive bilateral free trade agreement between Indian and the US….reports Asian Lite News India is expected to finalise an interim trade

One Year Later, Hasina’s Son Raises Red Flag

Hasina’s abrupt exit last August after violent student protests was widely seen as a blow to democracy in the Muslim-majority nation of 170 million….reports Asian Lite News Sajeeb Wazed, son of former

Global South Finds Its Campus in India

The question is no longer if India can attract global talent, but whether it can build the conditions to do so at scale—with care and vision. Done right, India could emerge as

Jaishankar Gets Real on India-US Ties

The EAM underlined the structural drivers of the bilateral relationship, saying, “The trend line over the last 25 years has actually been very strong….reports Asian Lite News External Affairs Minister S. Jaishankar
Go toTop

Don't Miss

Italy again fails to elect President

Media and commentators had already predicted the outcome of the

Tourism in Italy sets to smash record this year

“If the data for the coming months confirms this trend,