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Italy Extends Iran War Fuel-Tax Cut at Cost of €500 Million
The package keeps a €0.25-per-liter reduction at the pump as Italy faces higher energy costs and tight fiscal limits, Giorgetti said.
8 Articles
8 Articles
Italy postpones the reduction of fuel prices on the basis of the tensions in the Middle East. The decision has a record of approximately 24.4 - 25 cents/litres per pump, resulting from the temporary reduction of excise duties and less relevant VAT. The Italian article, new measures against the increase in fuel prices, were allocated EUR 500 million for the first time in Romania TV.
The Meloni government in Italy approved on Friday (3/4) the extension of the reduction in state taxes on fuel until May 1. More...
The Italian government has extended the fuel consumption tax reduction, which was due to end on April 6, for another month. Economy Minister Giancarlo Giorgetti announced after a cabinet meeting, "We are extending the consumption tax reduction until May 1." Giorgetti stated that approximately 500 million euros have been allocated for this purpose under the new decree, and also announced that the 20% tax credit for agricultural businesses has bee…
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