Italy is expanding its measures to reduce fuel prices. Finance Minister Daniele Franco and Ecological Transition Minister Roberto Cingolani extended a decree valid until October 5 by nearly two weeks until October 17, as announced Tuesday.
This allows motorists and motorcyclists to refuel petrol, diesel and LPG at the pump at even lower prices. Because the state waives certain taxes and fees, citizens save 30 cents per liter. The decision on measures has been in force since the spring and has been extended several times.
Investigations into unpaid excess profit tax in Italy
The Roman prosecutor’s office has now launched an investigation into allegedly unpaid overpaid profit taxes that energy companies in Italy have to pay. Many Italian energy companies have apparently refused to pay an excessive profit tax before the end of June. The government is missing out on revenue of more than 9 billion euros, according to a document from the Ministry of Finance in Rome.
Between 10 and 11 billion euros is to be collected from a 25 percent excess profit tax on energy companies that have benefited from the soaring oil and gas prices. Draghi wants to fund part of the 33 billion euro aid package put together in January to relieve businesses and households affected by high electricity, gas and fuel costs.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
