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Diesel over 2.2 euros on the motorway, gasoline still going up. Schlein: 'Government taxes extra profits of energy companies without waiting for the EU'
Italy🏛️ PoliticsProgressiveOverlooked by conservatives20 hr. ago

Diesel over 2.2 euros on the motorway, gasoline still going up. Schlein: 'Government taxes extra profits of energy companies without waiting for the EU'

The article reports on a recent increase in fuel prices in Italy, with gasoline reaching over 2.2 euros per liter on highways and diesel surpassing 2.20 euros. The price hikes occur amid the expiration of a tax break on diesel, which had reduced the effective tax by approximately 17 cents per liter since July 28th. This tax relief has been gradually offset by rising industrial components of fuel prices, linked to international energy market fluctuations, refining costs, exchange rates, and logistics. Since March, over 2.2 billion euros have been spent without success in curbing price increases or providing relief to drivers. The article highlights criticism of this tax cut, noting it is considered regressive and encourages fossil fuel consumption at a time of potential supply risks due to Middle East conflicts. Political tensions resurface as the Italian Democratic Party’s leader, Elly Schlein, calls on the government to introduce a national tax on energy companies' excess profits immediately, rather than waiting for European Union approval, which requires consensus.

2 reports

Il Fatto Quotidiano logoIl Fatto QuotidianoIndependentProgressive20 hr. ago
Diesel over 2.2 euros on the motorway, gasoline still going up. Schlein: 'Government taxes extra profits of energy companies without waiting for the EU'

The article reports on a recent increase in fuel prices in Italy, with gasoline reaching over 2.2 euros per liter on highways and diesel surpassing 2.20 euros. The price hikes occur amid the expiration of a tax break on diesel, which had reduced the effective tax by approximately 17 cents per liter since July 28th. This tax relief has been gradually offset by rising industrial components of fuel prices, linked to international energy market fluctuations, refining costs, exchange rates, and logistics. Since March, over 2.2 billion euros have been spent without success in curbing price increases or providing relief to drivers. The article highlights criticism of this tax cut, noting it is considered regressive and encourages fossil fuel consumption at a time of potential supply risks due to Middle East conflicts. Political tensions resurface as the Italian Democratic Party’s leader, Elly Schlein, calls on the government to introduce a national tax on energy companies' excess profits immediately, rather than waiting for European Union approval, which requires consensus.

Bias read (Progressive): The article frames the issue through the lens of political action, emphasizing the call for immediate government intervention by the opposition (Democratic Party) against the current administration (Meloni/Giorgetti). It highlights the urgency of introducing a national tax on energy companies' extra

Open logoOpenIndependentProgressive22 hr. ago
Schlein pushes Meloni on expensive fuel: 'Government taxes the extra profits of energy companies'

Two days before the deadline for reducing excise taxes, Elly Schlein, secretary of the Democratic Party, urges the government to introduce support measures for families and businesses affected by high fuel prices. As gasoline and diesel prices reach levels not seen since the start of the war in Ukraine, Schlein calls on the executive to take action. Meanwhile, Minister Giancarlo Giorgetti has signed a letter with other European ministers requesting that energy companies' extra profits be taxed. However, even if this appeal is accepted, it would take several months for Brussels to implement such a measure.

Bias read (Progressive): The article frames the issue through the lens of opposition (Democratic Party) calling for government intervention, emphasizing the need for support measures. The focus on taxing 'extra profits' of energy companies suggests a critique of corporate behavior, aligning with progressive economic views.

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