Emergency measure

Italy does intervene: lower excise duties on petrol and diesel

De noodmaatregel van Meloni geldt vooralsnog twintig dagen, waardoor tanken goedkoper wordt. Foto: Shutterstock

Italy is cutting excise duties on petrol and diesel due to soaring oil prices. Italian Prime Minister Giorgia Meloni announced that refuelling will become 25 cents per litre cheaper as a result.

Although no measures have been taken in the Netherlands as yet against rising fuel prices at the pump due to the war in the Middle East, Italian Prime Minister Meloni has introduced a measure. The so-called ’emergency measure’ will apply for 20 days for now, making refuelling 25 cents per litre cheaper. Also, because of the high diesel prices, road hauliers and fishermen will get a tax rebate, reducing their tax bill.

The Rome government also announced an “anti-speculation mechanism”. This should guarantee that prices at the pump move directly with oil prices on the world market. Under that plan, oil companies must publish daily recommended prices for fuel and pump owners must not exceed them.

According to news agency ANSA, the right-wing coalition government previously brooded on a price ceiling for fuels, but this met with resistance, partly because it would thwart competition in the free market. The government reckons the emergency measures for petrol and diesel will cost half a billion euros, the Italian news agency writes.

In the Netherlands

In the Netherlands, the government is not taking any measures yet, but is working out various options to support households if energy prices remain high for a long time. These include an energy price cap, temporarily lower energy tax and fuel excise duties, higher rent allowance and an increase in the minimum wage.

Also read:

This article was automatically translated from the Dutch language original to English (British).

Author: Nina Koelewijn

Source: MobilityEnergy.com

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