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Italy Cuts Fuel Taxes by 25 Cents per Liter Under Emergency Decree

The fast-track measure takes effect now pending parliamentary ratification within 60 days.

Overview

  • Prime Minister Giorgia Meloni said pump prices for gasoline and diesel should drop immediately by 25 cents per liter for all consumers.
  • The package grants freight operators tax relief, including a 28% reimbursement on diesel purchases totaling €608 million, with additional support for fisheries and low‑income households.
  • The decree introduces an anti‑speculation mechanism tying retail fuel prices to global oil price movements to curb unjustified markups.
  • Authorities will monitor the supply chain through the finance police and the competition regulator, with potential judicial action and sanctions for violations.
  • Deputy Prime Minister Matteo Salvini called the cuts time‑limited, met oil companies to push diesel below €1.90 per liter, and predicted near‑term prices lower than in Germany, France, and Spain.