The cut in excise duties on diesel which expired last Sunday is back in force from today, Tuesday 10 November. The decree published in the Official Journal provides for a discount of 4.88 cents per liter (VAT included) and will remain in force until November 23rd. With the cut in excise duties, on a 50 liter tank of diesel you will save around 2.5 euros.
Prices on the internet
The Ministry of Business and Made in Italy announces that the average price of fuel in ‘self-service’ mode recorded today is equal to 1.998 euros per liter for petrol and 2.24 for diesel. On the motorway prices rise to 2,028 and 2,292 euros. The price cap to which the main companies have adhered is keeping the cost of petrol under 2 euros per liter in many distributors, while diesel fuel usually stands at around 2.20 euros on a large part of the road network.
The cost of the barrel drops
The most important news, however, is another. The price of Brent on international markets has in fact been falling for a few weeks and now stands at just above 90 dollars a barrel. Adusbef president, Antonio Tanza, points out that since the end of October the cost of a barrel has fallen by 22%, returning to the levels of last August for the first time.
For these reasons, according to Tanza, “there is now ample margin to obtain a further reduction in fuel prices at the pump”. “The oil companies that have introduced the price cap”, explains the president of Adusbef, “are now in a position to revise downwards the prices charged to the public, and we expect that Eni and the other brands will immediately transfer the cut in excise duties and the depreciation of oil onto the final price lists at the pump”.