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Italy Extends Diesel Tax Cut Until Sept. 10

Bloomberg Markets •
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Italy will extend a tax cut on diesel fuel prices until Sept. 10, as Prime Minister Giorgia Meloni’s government continues to shield consumers ahead of a general election expected next year, according to an Italian official. The measure maintains a 17-cent per liter tax cut until Sept. 10. It’s the latest in a series of measures that Italy introduced in March to cushion consumers from energy-price spikes caused by the war in Iran.

The extension aims to mitigate the impact of rising fuel costs on households and businesses amid ongoing economic pressures. By prolonging the tax relief, the government seeks to maintain public support ahead of the upcoming electoral contest.