February 5, 2023

Hardwood Paroxysm

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Dear Gasoline, checks are underway to counter speculation – Corriere.it

the fuel prices A topic set to land on the desk of Prime Minister Giorgia Meloni. High prices of petrol and diesel due to stop cutting production fee, In addition to worrying consumers, Push the government to monitor what happens at service stations to avoid speculative phenomena. Supervision of sector definitions Both from the Guardia di Finanza, and the price-monitoring guarantor (known as Mister Price), who can already provide the executive with a preliminary report on the checks made in the next few days. The reason for the sharp rise in prices was the reintroduction of fuel taxes, since the beginning of January, motorists have seen a sharp rise in prices for diesel and gasoline by 18.3 cents per liter, equal to the discount on excise duty, granted by Decree No. the day after the outbreak of the war in Ukraine It was extended until December 31. A return to normal that has translated into volatile pumping prices, often in excess of €2 a litre, reminding motorists that Italian taxes on fuel are among the highest in Europe.

Agents are activated

The wave of increases two days ago prompted Codacons to file complaints with 104 Italian plaintiffs, while the Rome prosecutor’s office is already investigating price increases, including fuel prices, as part of an open file to identify any speculation. In the name of consumers, Codacons today must also file a complaint with Antitrust on the premise of a cartel among oil companies, and then prepare to boycott the most expensive points of sale. In addition to consumers, Meloni’s government pays for expensive petrol, which by consensus is pushing for the reintroduction of excise duty, previously cut by CEO Mario Draghi. Image explaining the words of Infrastructure Minister and Deputy Prime Minister Matteo Salvini. We’ll talk to the prime minister about excise duty. There is certainly speculation going on about petrol prices and it’s good that the finance department makes checks – as Salvini notes – there can’t be distributors selling petrol at 1.7 euros and others at 2.4. Obviously someone is smart. I will bring the logic to the level of government. The Minister of Economy has already taken action against smart people before Christmas, Giancarlo Giorgetti, anticipating the fibrillation on the fuel price front, due to the re-imposition of excise duties, instructed the Guardia di Finanza to supervise the market to avoid speculative dynamics. The head of the economy also unofficially exercised moral persuasion towards the main operators in the sector (the leaders in distribution are Eni and Ip, who a few weeks ago announced an agreement to take over the activities of Esso), inviting them to hold their ceremony and to avoid unjustified price adjustments.

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Government choices

So much so that until now there would be no evidence of the widespread speculative phenomenon in the Ministry of Via XX Settembre. Furthermore, Italy’s Minister of Enterprise and Craftsmanship, Adolfo Orso, also took action, asking Mr. Price to monitor in collaboration with the Guardia di Finanza to immediately highlight any anomaly. In short, the government is on alert even if the idea of ​​rolling back tax cuts is not considered. Within 2022, cutting fuel taxes, starting in March, will cost around €1 billion per month. It is an expenditure that the Draghi government has also financed thanks to additional revenues precisely secured by increases in fuel prices, but the hedging mechanism is no longer valid since last September, noting the update to Def, it was decided to consider additional revenues no longer higher revenues for public accounts, Rather, it is a regular collection, and therefore cannot be used to fund rebates. It should be noted that the recommendation to abolish generalized rewards came from Brussels, and to replace them with more selective and targeted measures. It remains that the price hike is worrying whole categories like coldiretti and taxis. We ask Prime Minister Meloni to immediately convene an emergency table on fuel by summoning consumer associations, oil companies, managers and all interested parties, explains the Assoutenti President, Furio Truzzi.