Home Business Petrol: cut in excise duties towards the extension until 2 August, but no further discount

Petrol: cut in excise duties towards the extension until 2 August, but no further discount

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Petrol: cut in excise duties towards the extension until 2 August, but no further discount

No further discount, but the extension, by just one month, from 9 July to 2 August, of the cut in excise duties on fuels. This is what emerges from the latest draft of the decree on which the Ministry of Economy is working in concert with the Ministry of Transition.

“The rates of excise duty – it reads – are restated in the following measures: 1) petrol: € 478.40 per thousand liters; 2) oils from gas or diesel used as fuel: 367.40 euros per thousand liters; 3) liquefied petroleum gas (LPG) used as fuel: 182.61 euros per thousand kilograms; 4) natural gas used for transport: zero euro per cubic meter; b) the VAT rate applied to natural gas used for transport is set at 5 per cent “.

And again: we read that the provision will be in force “from 9 July 2022 and until 2 August 2022”, while the coverage will be guaranteed for 916.03 million euros from the “higher revenue between 1 April and 31 May 2022 “of VAT.

In short, in an attempt to reduce the impact of the crisis on citizens, while keeping the state accounts under control, the government is proceeding one step at a time. In the hope that the macroeconomic situation will evolve positively.

The first intervention, in fact, dates back to last March, but in three months little or nothing has changed and despite the reduction in excise duties, pump prices are constantly growing: according to data from the Price Observatory of the Ministry of Economic Development, gasoline self service has reached an average price of 2.073 euros per liter, with diesel rising to 2.029 euros / liter, LPG at 0.827 euros / liter and methane at 1.826 euros per kg.

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To bring the reduction from 30.5 to 35 cents per liter, the government would have to find another tens of millions of euros.

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