11 euros per month: that’s it, according to the estimates of Easy.itthe average saving for an Italian motorist if the government effectively reduces the excise duty by 15 euro cents per litre. The intervention would bring prices at the pump to around 2 euros per liter in self-service mode.
The average monthly refueling expenditure today reaches 167 euros for gasoline and 160 euros for diesel respectively; with the intervention envisaged by the government, the monthly expenses would fall to 156 euros per month to refuel a petrol car and 149 euros for a diesel. The drop in excise duties could only partially thwart the record increases of recent weeks: with prices under control, in one month a motorist would spend around 36 euros more on petrol (+ 30%) than last year; 44 euros more (+ 42%) in the case of diesel.
Friday price cutters. The golden power is strengthened
Immediately lower gas prices, which are self-financing, and nothing else. Golden power building, additional funds for refugees. At the end of a day of almost uninterrupted meetings, the government chooses to take a few more hours and postpone until Friday the launch of the first measures to deal with the economic impact of the war in Ukraine: the accounts do not add up not, the resources available, without thinking of deficit spending, they are scarce. But the political signal must be given, even if most of the measures will have to wait for the European framework to be defined: Prime Minister Mario Draghi is asking everyone to make an additional effort to reassure families and businesses and within the week he wants give its consent at least to the “price reduction” decree. But the needs are increasing hour by hour, as the conflict escalates: there are companies struggling with raw materials, intermittent production blocks, transporters that stop, like fishing boats , farmers who cannot find corn and wheat for the animals, families struggling to fill and pay their bills.
The Minister of Economic Development Giancarlo Giorgetti refines his package of proposals: he asks to give more powers to Mr. Price, with fines of up to 5 thousand euros for activities that are not able to explain, in the 10 days, the increases, as well as the extension of the Sace guarantees to strategic companies and to those that reactivate the production of cast iron in Italy for the steel industry. Then there are the spending measures, from one billion to the fine-tuning of the SME guarantee fund, which according to the calculations of the Mise could support up to 150 thousand companies, to 800 million for refreshments. The demand for intervention on the export of raw materials is always in the spotlight. From the idea of export rights we move to that of a control by the Mise, an obligation to notify with fines of up to 100 thousand euros for those who do not respect it. Giorgetti comes and goes from the Palazzo Chigi, as do the Minister of Economy, Daniele Franco, and his colleague Roberto Cingolani. The owner of the Mite in Parliament explains that the government is considering a “mobile excise duty” mechanism – introduced with the 2007 budget – which allows unforeseen VAT revenues to be allocated to the reduction of excise duties because they are linked to a fuel price increase. The rule could also be applied, directly, by ministerial decree, since it is still in force, but provides for quarterly interventions: for the moment, the calculations of the additional income are still in progress and in the meantime, it would be considered to lower the excise duties by 15 centimes for two months, while waiting to see the evolution of the market (and of the conflict).
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