Fuels, the reduction in the cut in excise duties begins to affect prices

As we know, the Italian government has decided to reduce the cut in excise duties in December. Starting yesterday, the cut in excise duties on petrol and diesel went from 30.5 euro cents (VAT included) to 18.3 euro cents. This resulted an obvious price increase to fill up your car with fuel. A price increase that motorists obviously didn’t like very much.

Today, thanks to the surveys carried out on the price trend of December 1st, the first indications on the new average costs of fuel at service stations. So, how much does it cost, after the reduction of the excise duty cut, to fill up your car?

According to the data reported by Quotidiano Energia, prices are obviously on the rise. However, do not yet fully reflect the new “tax burden” due to technical times for updating data.

However, the average price of petrol in self-service mode it is 1.696 euros per litre, with the various brands ranging between 1.676 and 1.723 euros per liter (no logo 1.697 euros per litre). As regards diesel in self-service mode, the average price stood at 1.775 euros per litre, with companies between 1.756 and 1.807 euros per liter (no logo 1.771 euros per litre).

Moving on to petrol in served mode, on 1 December the national average stood at 1.839 euros per litre, with plants with prices between 1.795 and 1.886 euros per liter (no logo 1.751 euros per litre). The dieselon the other hand, in served mode, has an average price of 1.918 euros per litre, with company outlets with average prices between 1.873 and 1.965 euros per liter (no logo 1.823 euros per litre).

The prices charged for LPG range from 0.772 to 0.790 euros per liter (no logo 0.758 euros per liter). Finally, the average price of CNG for cars is between 2.124 and 2.413 euros (no logo 2.282 euros).

The trend over the next few days will obviously depend on how the market evolves. As we know, the There will be an Opec+ meeting on December 4th. The decisions taken could influence the crude oil market, also leading to possible increases with consequences on fuel costs. On this point, however, we can do nothing but wait for news of this meeting.

The reduction in the excise cut is only valid for the month of December. We still don’t know what the current government’s decision will be for the month of January 2023. The cut in excise duties, even in a reduced form, could be reconfirmed again for a further month or could be eliminated altogether. We can only wait for the official decision of the Italian Government.