Govt mulls extending excise tax cuts until end of June says Tajani

The government is considering

extending a cut in excise duty on petrol and diesel amid the

energy shock from the Iran war until the end of June, Deputy

Premier and Foreign Minister Antonio Tajani said Friday.

Regarding fuel excise tax cuts, "the government is considering

extending the measures adopted until the end of June, but the

problem of energy costs is not only related to the emergency; it

is a very temporary problem, but also a comprehensive one, so we

are calling for a single European energy market," Tajani said in

Rapallo at the 55th national conference of young entrepreneurs

of Confindustria on the eve of the expiration of the extension

of the fuel excise tax cuts.

The government's March 19 20-day fuel excise duty cut due to the

Iran war was extended by cabinet for 21 days on April 1,

unchanged for diesel (20 cents per litre) and reduced to 5 cents

per litre for petrol, and later extended unchanged until June 6,

as fuel prices soar due to the war started by the United States

and Israel on Tehran on February 28.

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