Excise duties, the government extends the cut by three weeks

The government ha extended il temporary cut in excise duties on fuel per three weeks this time with a difference: it stays the share of diesel remained unchanged While drops to 5 cents the one about fuels.

It’s about the second renewal of the provision launched by Cdm il 18 March last, afterprice surge followed by outbreak of war in Iranwith one 24.4 cents discount at the pump which now remains unchanged on diesel.

Truck drivers and comparison with the government

As for further measures in favor of haulierswhich they proclaimed one strike dal 25th to 19th Maywill presumably be at the center of a comparison table between government and the categorywhile they search for each other also within the EU to find funds in support of tax credit.

Prime Minister Meloni’s explanations

“We have extended the excise duty cut for others three weekseven if we did it with one difference compared to the past. There is one significant disproportion betweenincrease in diesel fuel and that of gas in recent weeks,” explains the Prime Minister Giorgia Meloni at the end of Cdm who approved the measure.

Differences between petrol and diesel

Then he remembers: “La gas increased on average by 6%il diesel of the 24%. We concentrated this extension especially on dieselconfirming the cut which was already foreseen for the past, we have it instead decreased as far as the gas with a 5 cent cut in excise duties which corresponds more or less to a 6% on the fuel price”.

In recent years the premier he had expressed his opinion support still structural cut of excise duties. Asked about it Melons specifies: “You know how I feel about it cut of excise dutiesI am absolutely one great supporter. After that, we work for priority that we have at the moment.”

Costs and redistributive impact

“Il cut of excise duties it costs a lot for the benefit which produces, for paradox the majority of resources what you spend goes to higher incomes than to those lower”, underlines the Prime Minister.

The premier adds: “We imagined a cut that for the moment would impact on quality of life of citizensI don’t feel like saying that for the moment, with one economic situation that he will ask different answers on several frontsto be able to make it structural”.

So far the temporary cut in excise duties it cost just over a billioni funds were found in part throughextra VAT revenue matured with the price rise.