Italy lets diesel tax cut expire as Europe tackles fuel costs

What happened: Italy let its diesel excise tax cut expire on 5 October without the replacement mechanism the Meloni government had promised. EU leaders meet on 15 and 16 October as European governments pursue separate fuel cost measures. Key numbers: Italian cut was worth 6.1 cents per litre at expiry. Why it matters: The expiry adds pressure on pump prices, and Eni's higher cap reflects it. Meloni seeks EU political guidance on energy costs, ETS and industrial competitiveness, while von der Leyen floats joint purchases and a possible delay of methane rules to 2028.

Italy's diesel tax cut expiry signals rising fuel costs amid Europe's energy measures.

Italy's diesel tax cut expiry signals rising fuel costs amid Europe's energy measures. — impact context not separately stored; see What changed.