Italy: Meloni government extends fuel decree, excise duty cuts to 1 May
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Italy’s government extended its fuel decree, keeping a 25-cent-per-litre excise-duty reduction in place through May 1. The measure is expected to cost €500 million, and tax credits for agricultural businesses are also being extended.
"It will cost 500 million euros," Economy Minister Giorgetti announced after Friday morning's cabinet meeting. The 25-cent discount due to end on 7 April, with tax credits extended to agricultural firms.
World Politics Markets Commodities Energy Italy fuel decree excise duty tax cuts agriculture government spending fuel prices