Italy’s government extended a temporary tax cut on diesel fuel by one day, pushing the measure through Wednesday as global oil prices remain elevated due to Middle East geopolitical risks.
The decree, signed by the ministries of finance and energy on Thursday, follows a prior reduction in diesel prices at the pump by €0.17 per liter implemented in July. The government had previously extended the tax cut to Tuesday.
Diesel prices on Italy’s highway network reached €2.203 per liter on Sunday, according to official data, while unleaded fuel stood at €2.087 per liter. The measures aim to mitigate the impact of rising fuel costs on consumers ahead of a general election expected next year, with Prime Minister Giorgia Meloni facing political pressure to protect household budgets.
The tax cut aligns with broader efforts to stabilize energy prices amid volatility tied to regional conflicts and supply concerns.
