Dear petrol, “a colossal scam” according to Minister Cingolani

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Dear petrol, “a colossal scam” according to Minister Cingolani

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The gasoline prices at filling stations have skyrocketed in recent days. The average prices today (March 12) are between 2.2-2.3 euros per liter of fuel (at self-service), whether we are talking about petrol or diesel. The ongoing conflict between Ukraine and Russia, which has raised the price of a barrel of oil, is being used as a “justification” for the increases in recent days. The The price of a single liter of fuel, however, has increased dramatically in comparison with the increase in the barrel and above all it has increased without any apparent logic with respect to the past. Today, the average price of a barrel of oil is $112. In 2008, the price of oil per barrel was $145 and at the time gasoline cost €1.37 and diesel was €1.34. Now, therefore, the price of oil per barrel is more than $30 lower than it was then, but the price per liter of fuel is about 80/90 cents more! So how can this uncontrolled increase be explained? According to Roberto Cingolani, Minister of Ecological Transition, it is “a colossal scam that comes from the nervousness of the market

The minister, speaking to Sky tg24, stated that “We are witnessing an unjustified increase in the price of fuel, there is no technical reason for these increases. The market speculates, and it is the same reason why we find petrol at 2.20 euros / liter, and I don’t know why. On the one hand, excise duties and taxes are used to make the state function. On the other inervousness that doubles or quadruples, quintuples, the price of a fuel only makes a few rich. I believe this should be attacked first. Now we will do our part, we will try to do our best, but here we are in the presence of a colossal scam which comes from the market nervousness that I ironically keep mentioning, that is made at the expense of businesses and citizens“.

Italy” continued the minister”it cannot change its energy landscape now, it would take too long: however, we can make the most of the existing gas fields. This means an additional 2.5 billion cubic meters of gas that we can offer to energy-intensive SMEs at a controlled price. In recent days we have given on average almost one billion euros a day for the purchase of gas, all of Europe to Russia, perhaps more than the cost of the war that Putin is supporting. And it is the clear demonstration that the markets follow their own logic. We pay historical errors for not diversifying our energy dependence“.

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