The Italian government has approved a decree law to reduce fuel prices amid rising costs due to the Iran conflict, along with measures to assist transporters and fishermen.
The Italian government, in response to the escalating conflict in Iran that has significantly impacted fuel prices, has passed a decree to lower the price of gasoline by 25 cents per liter. This initiative is part of a broader plan to mitigate the financial strain on citizens and businesses, set to last for 20 days while the situation in the Middle East is monitored. Initially, the measure was focused on distributing 'gasoline vouchers' through the 'Dedicated to You' social card, aimed only at low-income individuals, but it has now been expanded to benefit a wider audience.
In addition to subsidizing fuel prices, the decree introduces a tax credit of €10 million for both transporters and fishermen, which will cover 20% of their fuel expenditures in the months of March, April, and May 2026. The government aims to prevent the fuel price increase from affecting the prices of consumer goods, thereby protecting purchasing power. This is a part of their strategy to control inflationary pressures that can arise from rising energy costs.
To combat speculation in fuel pricing, the government is enhancing the role of the price-monitoring figure known as Mister Prezzi, as announced by Minister Adolfo Urso. This measure is intended to oversee price fluctuations and ensure fairness in fuel pricing, while also fostering transparency to deter speculative practices that can exacerbate economic challenges during periods of geopolitical tension.
