The Sunday Mail
Gasoline and diesel prices in Italy have surged dramatically after a discount on fuel-related excise duties expired.
According to data from the Italian Ministry of Environment and Energy Security, national average prices were 1.64 euros (US$1,74) per liter for gasoline and 1.71 euros for diesel at self-service pumps during the week ending December 31.
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 percent for gasoline and 9,4 percent for diesel over the span of just a few days.
In the first days of 2023, national prices for full-service gasoline stood at 1.95 euros per liter and 2.02 euros for diesel, local media reported.
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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. – Xinhua
