Since the end of 2021, Rome has disbursed around 20 billion euros to support households and businesses whose energy bills have skyrocketed.
Faced with soaring prices at the pump, the Italian government decided on Monday to extend until July 8 a reduction of around 30 cents in taxes per liter of fuel in force for a month.
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This measure was announced in a press release issued after a Council of Ministers. Mario Draghi’s government announced in mid-March a reduction in fuel taxes for a month, including a reduction of 25 cents in excise duties and a reduction of around 5 cents in VAT. Italy had also introduced a tax onsuperprofitsยป companies in the energy sector to finance measures aimed at alleviating soaring energy prices for households and businesses.
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European countries have implemented a panoply of measures based on energy tax cuts, price reductions and targeted aid in order to mitigate the soaring costs that have worsened with the war in Ukraine. . In France, adiscount at the pumpfrom 15 to 18 centimes per liter came into force on April 1 for a period of four months. For its part, the Spanish government had planned in September to tax the additional profits made by the large energy groups, before backtracking in December, faced with the revolt of companies in the sector. Since the end of 2021, Rome has already disbursed around 20 billion euros to support households and businesses whose energy bills have skyrocketed. The Council of Ministers should meet again during the day to decide on additional measures which should total between 6 and 7 billion euros, according to the unions which were received at Palazzo Chigi, the seat of government.
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