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FinanceToward a bridge intervention on fuel prices, focus on diesel

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The Italian government is reportedly working on a temporary intervention to reduce fuel prices, with particular attention to diesel, ahead of the summer travel period. The measure would serve as a bridge before additional resources can be allocated, following the Ministry of Economy and Finance's calculations on the extra VAT revenue collected in July from the mobile excise tax mechanism. Mobile excise taxes are expected to come into effect in August. According to opposition forces, immediate measures should be adopted to protect lower-income groups from rising fuel costs. The context of tensions in the Gulf region has contributed to upward pressure on fuel prices.