Govt allows cut in diesel duties to elapse

What happened: The Italian government allowed its final cut to diesel duties to expire on Tuesday. The reductions were introduced to help households and businesses cope with high fuel prices. Key numbers: Diesel duties were cut by 17 cents per litre, then 12.2 cents, then 6.1 cents. Why it matters: Eni's cap increase follows the end of the duty cut, and other station operators had matched the cap. Codacons said the government broke a promise to replace the cut with a Flexible excise-duty offset mechanism.

Diesel duty cut expiry signals higher fuel costs, a commodity market catalyst.

Diesel duty cut expiry signals higher fuel costs, a commodity market catalyst. — impact context not separately stored; see What changed.