Because the prices of petrol and diesel fly towards 2 euros and beyond

Because the prices of petrol and diesel fly towards 2 euros and beyond
Because the prices of petrol and diesel fly towards 2 euros and beyond
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Fuel prices continue to rise, after the excise tax incentives introduced by the Draghi government starting in March 2022 ended on 1 January 2023, to calm the increases after the outbreak of war in Ukraine. The failure to renew the cut in excise duties (which are fixed taxes per liter that weigh on the final price) by the Meloni government has not only caused pump prices to skyrocket, but has brought Italy back among the most expensive countries in the world. Europe on the fuel front. According to the Quotidiano Energia website, the average price of petrol served has risen to 1.965 euros per litre, while that of diesel has reached 2.023 euros.

Petrol and diesel prices towards 2 euros and beyond: the Meloni government plan

What will the government do? The prime minister, Giorgia Meloni, and the economy and finance minister, Giancarlo Giorgetti, have scheduled a meeting for today with the general commander of the finance police, general Giuseppe Zafarana. The objective, Palazzo Chigi announced, is “to take stock and evaluate any possible further action to contrast the speculation taking place on fuel prices”. After the choice made in the maneuver not to renew the discount on petrol excise duties, the government is therefore trying to run for cover and is reportedly evaluating an intervention to control the increases, perhaps fearing an early crisis of consensus due to the alarm for the price increases at the petrol station . And in the meantime, the minister of enterprises, Adolfo Urso, promises cross-checks by the financial police and by “misterprices” (the guarantor for price surveillance) to protect consumers.

But what happens to the prices of petrol and diesel and why the price of fuels has returned to rise strongly in the new year? Is anyone really speculating on fuel? Let’s look at the numbers first. According to Quotidiano Energia, the national average price of petrol in self-service mode is 1.821 euros per liter (1.814 as of 5 January). The average price of diesel self is 1.879 euros per liter (against 1.875). As regards the refueling served, petrol reached 1.965 euros, diesel at 2.023. On the highway, the prices go up again. According to the energy site Staffetta daily, petrol in served mode rises to 2.171 euros, self-service costs 1.912 euros per litre. For diesel on the motorway, 1.963 euros per liter are spent for self-driving cars and 2.223 for served cars. The Codacons did some calculations: “A full tank of petrol costs 8.9 euros more than it cost at the end of December”, i.e. 214 euros per motorist per year. The National Consumer Union then speaks of an increase of “9 euros and 15 cents for a 50-litre tank”.

In view of the stop to the controlled price, as early as the end of 2022 the Economy Minister Giancarlo Giorgetti has instructed the finance police to intensify controls against “any speculation on the price of petrol, in particular on the motorway network and in sensitive territorial contexts” . Finance yesterday announced that last year, from March to December, it carried out monitoring to verify “the price trend in the excise rate variation phase, checking the effective implementation of the discounts decided over time by the executive”. In recent months, according to a note, 5,187 checks have been carried out throughout Italy, with 2,809 violations contested. Of these, 717 concerned precisely the lack of disclosure and/or discrepancies in the prices of diesel, gas and unleaded petrol charged with respect to those indicated. The other 2,092 violations, on the other hand, concern the failure to communicate prices to the Ministry of Business and Made in Italy.

Business Minister Adolfo Urso spoke of “glamorous and unjustifiable cases”. The government official explained that on expensive fuel “we have coordinated a double action to stop speculation”. On the one hand, the economy minister, Giancarlo Giorgetti, “with the financial police”. On the other hand, his ministry, with monitoring to “immediately highlight any anomaly and any attempt at speculation”. Finally, Deputy Prime Minister Matteo Salvini from Brescia announced that in the Council of Ministers “we will discuss whether, between war, expensive materials and expensive raw materials, it is appropriate to intervene and there is money to do it”. Then he added: “I’m happy that there are blanket checks, because even in this case, as in the case of gas and electricity, someone is taking advantage of them”.


What the data on fuel prices show

Leaving aside the violations disputed by finance and referred to last year, and the accusations of “speculation” made by the government and consumer associations against operators in the oil sector, the truth is that the decision to of the Meloni government to eliminate the discount of 18.3 cents per liter on excise duties (taxes on fuel), introduced by the Draghi executive after the outbreak of war in Ukraine. A discount that has cost one billion euros a month since March 2022, financed above all with extra revenue, i.e. a higher income from VAT than forecast. Furthermore, according to experts, prices have also risen in anticipation of the block on imports of refined products from Russia starting next February 5: in fact, Europe will lack 30% of its diesel.

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But it was above all the end of the public discount that brought the price lists back up. This is demonstrated by the data, which do not highlight speculation in progress. The comparison between the last days of 2022, when motorists still had a discount of 18.3 cents per litre, and the first days of 2023 in fact indicate an average increase perfectly in line with the cut in the public contribution. In other words: if fuel prices have started to rise again, it is above all because the government has decided to increase the value of excise duties again. In short, an expected and inevitable increase.

According to the findings of the Ministry of the Environment and Energy Security and according to the numbers provided by Staffetta daily, there have been no average increases greater than the increase in excise duties. Self-service petrol is priced up by an average of 19 cents, from 1.63 to 1.8 euros per litre. This also happened for self-service diesel (from 1.77 to 1.96 euros) and for the prices of fuel served. As it is easy to understand, these are increases very close to the non-confirmation of the excise cut.

The article is in Italian

Tags: prices petrol diesel fly euros

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