Fuel prices surge in Italy as tax discount expires

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Fuel prices surge in Italy as tax discount expires

STORY: Fuel prices surge in Italy as tax discount expires DATELINE: Jan. 5, 2023 LENGTH: 00:00:57 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations STORYLINE: Gasoline and diesel prices in Italy have surged dramatically after a discount on fuel-related excise duties expired at the end of 2022. Local media reported on Tuesday that the national average prices reached 1.8 euros (1.91 U.S. dollars) for gasoline and 1.87 euros (1.98 U.S. dollars) for diesel respectively at self-service pumps, which marked an increase of more than 9 percent in both fuels in just a few days. In the first days of 2023, the national average price for full-service gasoline stood at 1.95 euros (2.07 U.S. dollars) per liter while that for full-service diesel stood at 2.02 euros (2.14 U.S. dollars) per liter. The expired discount was put in place in March 2022 to help combat a surge in fuel prices. Xinhua News Agency correspondents reporting from Rome. (XHTV)

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