Chiara Nava Diesel prices could increase starting Sunday, November 8th, with the end of the temporary excise duty cut. The discount, in effect from October 28th to November 7th, included a recalculation of the excise duty rate on diesel fuel to €632,90 per thousand liters, equivalent to a reduction of approximately 4,9 cents per liter.
The November 7 edition of the Official Journal does not currently contain any provision providing for a new tax reduction or an extension of the measure.
The expiration, however, may not automatically translate into a price increase to the same extent as the expiring discount. The recent decline in oil prices could impact price trends , which suggests a less unfavorable scenario for motorists.
Diesel excise duty to rise by 4,88 cents per liter
Adusbef, the consumer protection association, has taken stock of the situation, stating that the end of the discount will lead to an increase in the tax on diesel, but it comes at a time when the price of oil is falling.
“ Starting tomorrow, November 8th, excise duties on diesel fuel, including VAT, will increase by 4,88 euro cents per liter, equivalent to an additional cost of 2,44 euros on a 50-liter tank ,” explained President Antonio Tanza.
The association's representative, however, emphasized that the end of the incentive coincides with a period of depreciation in oil prices. Compared to the end of October, when Brent had exceeded $117 a barrel, the price has fallen by 16,2% in just a few days.
This trend could help contain price increases, even though the cost of oil is not the only factor that determines the final price of fuel at the pump.
Pump prices: Adusbef calls for further reductions from oil brands
A positive sign also comes from the latest data released by the Ministry of Enterprise and Made in Italy through the Fuel Price Observatory . On November 7, the average self-service price along the road network stood at €2,001 per liter for gasoline and €2,224 per liter for diesel.
In light of the decline in oil prices, Adusbef believes that companies can further intervene in price lists, at least partially offsetting the end of the tax discount.
“ This is precisely why we believe that Eni and the other brands that have implemented price caps and discounts can further reduce petrol and diesel price lists, regardless of whether the excise duty cut is extended ,” Tanza declared.
Among the initiatives already announced is that of Eni , which at the end of October announced its intention to maintain its price cap until the end of the year. For motorists, therefore, the end of the tax break could be accompanied by possible reductions in sales, the extent of which will depend on the decisions of individual companies.