The Italian government has approved a decree to cut fuel excise duties for 20 days amidst rising oil prices and to support households in need.
In Italy, the government has approved a new decree aimed at combating rising fuel prices due to geopolitical tensions, particularly the conflict with Iran. The decree introduces a temporary cut in excise duties on fuels for a period of 20 days, which is expected to benefit all consumers, thus mitigating the impact of rising oil prices on everyday expenses. Additionally, the decree includes measures to support vulnerable families through an enhanced social card program and provides assistance to various sectors such as freight transport and fishing, particularly those affected by inflation.
