Italy temporarily removes fuel excise tax - It will cost 25 cents/liter less. The measure will last 20 days
The Italian government's decision to temporarily lift fuel excise duty for 20 days came into effect today, making a liter cost 25 cents less.
The cuts will cost 417.4 million euros in 2026 and 6.1 million euros in 2028, according to the decree. Other measures envisaged, the tax credit for road transport and the one for fishing, have a value of 100 million euros and 10 million euros respectively. The bulk of the funding is provided by cuts to ministries.
Prime Minister Giorgia Meloni announced three measures. The first is a 25 cent per liter reduction in fuel prices, which is said to be in effect for 20 days (depending on developments in the Middle East). The second is a 10 million euro tax credit for truck drivers, intended to cover fuel purchase costs starting in March, April and May 2026, at a rate of 20%.
Tax credits are also available for fishermen. "The government is offering concrete support to the Italian fishing sector with a 20% tax credit for fuel purchases," Meloni said.
The third is the measure against speculation. The government has appointed a "Price Manager", who will manage "a special regime to monitor distortions along the fuel supply chain. In practice, if the monitoring reveals "an abnormal and sudden increase in prices", he will have to notify the Guardia di Finanza of the distributors and oil companies to be monitored.
The Guardia di Finanza will then forward the findings to the Italian Price Monitoring Authority and the Antitrust Authority “for the possible initiation of sanctioning procedures.” In the most serious cases, it will finally forward the documents to the judicial authorities.
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