Italian oil prices continue to soar, consumer groups call for tax relief

According to Euronet, recently, fuel prices in Italy have continued to rise, and local businesses and consumer groups have said that the government should reduce taxes to maintain fuel price stability
.

According to the market monitoring data of the Italian Association of Consumer Groups, the average market retail price of gasoline at Italian gas stations is currently 2.
2 euros per liter, and diesel is 2.
3 euros
per liter.
That means gasoline prices are up 39 percent in a year and diesel prices are up 51 percent
, the association said.

According to the Consumer Finance website (Facile), Italy's fuel price is currently second only to the Netherlands and the second
highest among EU member states.
Fuel prices in Italy have been on an upward trend since May 2021, and oil and gas prices have soared
since the Russia-Ukraine conflict.

Other factors affecting the price of oil and gas in Italy include value-added tax at a rate of 22%, goods production and excise tax
.
On the 15th local time, the General Confederation of Italian Industry urged the government to take more measures to offset the rise in fuel prices
.