Dear bills, in February and March new surge in prices

Dear bills, in February and March new surge in prices
Dear bills, in February and March new surge in prices
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The year hasn’t started very well for Italian pockets. With the cut in excise duties that had been in effect since March no longer in sight, a full tank of petrol and diesel is increased by more than nine euros on average. And in some distributors it has returned to exceeding two euros per litre. For gas bills, on the other hand, an increase of 23.3% has just taken off, despite a very recent continuous drop in the TTF. Fortunately, a 19.5% drop in electricity tariffs has also arrived, but more clouds are already appearing on the horizon.

As he explains Michael Marseillepresident of FederPetroli Italia, in fact, “in recent months the industrial cost of fuels has decreased due to a decrease in crude oil prices, but there are elements that suggest that there will be a turnaround”.

Indeed, Marseille adds: «If the price of gas does not return to the levels of the past months, it is easy to predict that the producing countries will want to make up for it by increasing the oil price. Therefore, it is likely that OPEC could review the production quotas. Furthermore, we must not forget that Russia has announced that from February it will not sell oil and derivatives to countries that apply the price cap that came into force in December. There will, therefore, be less raw material available for the countries that apply it, without forgetting that the EU already has an embargo on Russian crude oil arriving by ship. I believe that only between February and March will it be possible to have a more precise idea of ​​how things will go».

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The gas emergency

However, Marseille does not consider itself positive with regard to the conclusion of the so-called “gas emergency”: «To speak of a finite emergency, one should have price stability, with fluctuations contained in a range of 5-10 percentage points, for a period of at least three months. The current levels of the TTF are the reflection of a favorable climatic situation, a high level of stocks and a decline in industrial consumption. The latter is certainly not a positive factor, because in part it is a consequence of the definitive closure of some companies. And in the coming months, Italy could be penalized by the situation of energy infrastructures».

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