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Italy extends cut on fuel excise duties to Oct. 5

Italy extends cut on fuel excise duties to Oct. 5
Italy extends cut on fuel excise duties to Oct. 5 Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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MILAN - Italy approved on Wednesday a further extension to a cut in excise taxes on fuel at the pump, which would have expired in September, a joint statement by the Finance and Ecological Transition ministries said.

The 25 euro cent ($0.26) per litre cut, introduced soon after Russia's invasion of Ukraine, will now expire on Oct. 5 instead of September 20.

The cut had already been extended in May, June, July and at the beginning of August.

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