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From December 1st a full tank of fuel will cost more. The Council of Ministers, together with the approval of the new Budget Law, approved a “decree-law introducing urgent measures on excise duties and VAT on fuel and support for local authorities and the Marche territories affected by exceptional weather events“.
The Government therefore intends to reduce the discount on excise duties that the previous Government had decided to introduce to limit increases in fuel prices. Based on the text of the draft brought to the Council of Ministers, for petrol and diesel there will be a reduction in excise duties of 25 cents plus VAT (the “famous” 30 cents or more precisely 30.5 cents reduction) at 15 cents plus VAT equal to 18.3 cents. For LPG, on the other hand, it goes from 8.5 cents + VAT to 5.1 cents + VAT.
The new excise cut will be valid at least until December 31st. It will then be up to the Government to decide whether to extend this measure again or eliminate the cut in excise duties altogether. This is news that motorists will surely not like. However, we knew that the excise cut was a temporary measure and not a definitive one. So, it would have had its end.
The Council of Ministers, on the proposal of the President Giorgia Meloni and the Minister of Economy and Finance Giancarlo Giorgetti, approved a decree-law which introduces urgent measures regarding excise duties and VAT on fuels and support for territorial bodies and territories delle Marche affected by exceptional weather events. The text reformulates the subsidized excise rates and confirms the suspension, until 30 November 2022, of the application of the excise rate on the so-called “commercial diesel”.
When the complete text of the decree is published, we will be more precise on all the government’s news on fuel.
From 1 December 2022, therefore, there should be an increase of 10 cents plus VAT on the price of petrol and diesel. How much does a full tank cost today? According to the latest data from Quotidiano Energia, the national average price of petrol in self-service mode it is equal to 1.705 euros per litre, with the various brands ranging between 1.692 and 1.707 euros per liter (no logo 1.707 euros per litre).
As regards, however, diesel in self mode, the average price charged is 1.813 euros per litre, with the companies between 1.794 and 1.837 euros per liter (no logo 1.808 euros per litre). Coming to the served mode, the average price of petrol reaches 1.852 euros per liter with the colored systems charging prices between 1.784 and 1.907 euros per liter (no logo 1.762 euros per liter). The cost of the diesel served, on the other hand, is 1.957 euros per litre, with the companies’ points of sale charging average prices between 1.885 and 2.012 euros per liter (no logo 1.861).
The prices of LPG are positioned between 0.772 and 0.785 euros per liter (no logo 0.758 euros). Finally, the average price of methane for cars is between 2.041 and 2.423 euros (no logo 2.118 euros).
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