Italy Cuts Fuel Taxes to Offset Soaring Energy Costs

Italy’s government approved a temporary cut to excise taxes on fuel in a bid to help citizens deal with higher costs caused by the conflict in the Middle East.

Prime Minister Giorgia Meloni said on Wednesday that her cabinet approved the €0.25 ($0.29) per liter reduction in fuel levies, part of a broader package of measures taken as an emergency backstop against soaring energy prices.