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Italy Clears Housing Plan, Extends Fuel-Tax Relief Focused on Diesel

Petrol prices are set to climb as the lighter gasoline discount takes effect from May 2.

Overview

  • Italy's Cabinet, which met Thursday, approved a 21‑day extension of fuel excise cuts with 20 cents per litre off diesel and 5 cents off petrol.
  • The extension will be paid for with Antitrust fines and extra VAT receipts after earlier rounds relied on ministry spending cuts and EU carbon‑market proceeds.
  • Analysts expect average petrol prices to move toward about €1.93–€2.00 per litre from early May as most of the gasoline discount rolls off.
  • The Piano Casa targets roughly 100,000 social or price‑regulated homes over ten years, beginning with refurbishing about 60,000 public units now unassignable.
  • An urgent bill will speed evictions from illegally occupied properties, and the housing plan centralizes public funds through Invimit while seeking private capital, with officials citing potential public resources of up to €10 billion.