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Petrol goes up again, without cutting 30 cents is a record – Economy

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Petrol goes up again, without cutting 30 cents is a record – Economy
Written by aquitodovale

Petrol in flight: without the cut in excise duties and VAT (25 cents which become 30.5 also calculating VAT), petrol prices would now be at record levels reached in mid-March 2022 (2.184 euros per liter, the weekly average recorded on 14 March, even if in reality the prices in self mode in many Italian distributors had reached 2.3 euros per liter). And a breath away from the historical record of the Austerity years (2.31 euros at current values ​​in 1976). In short, thanks to the Government’s interventions, it is not a new record but it is certainly still “stuck” for families and transport companies (and therefore a burden that is passed on to retail prices): today only for refueling costs – explains for example the Codacons – a family spends on average 460 euros more than in 2021. This means a total sting on the family unit for a total of 11.96 billion euros, to which the effects on the prices of primary goods must be added. In the meantime, the Government reflects on what to do: “It is an ongoing evaluation, at the moment we have no indication either in one direction or the other. In all these months the Government has made extraordinary efforts on the financial level precisely to protect not only the businesses, but also people in difficulty “, explains the Minister of Sustainable Infrastructure and Mobility, Enrico Giovannini, from the Festival of Economics, speaking of the measures being studied for expensive fuels. Just a few days ago, the undersecretary for the economy, Cecilia Guerra, explained that it is “very likely” that the government is still intervening on excise duties.

Piazza Affari closed down (-1.06% to 24,166 points) in line with the other European stock exchanges. A step backwards that occurred simultaneously with the jump in the differential between German BTPs and ten-year Bunds. The so-called ‘spread’ closed at 212.2 points, but also exceeded 213 in the final. At the same time, the Italian annual yield (3.38%) increased by 9 basis points, equal to double the European average, to the levels of January 2018. Exchanges are weak, for 1.47 billion euros in value, also due to the London holiday closure. The list of blue chips is almost completely in red, with strong drops for Fineco (-4.1%), also frozen due to an excess of the downside, Bper (-3.4%), Banca Generali (-2.89%) and Banco Bpm (-2.48%). A slip due precisely to the increase in the yield of the BTPs, which translates into a lower value of the securities that the Institutes hold in their portfolios. Intesa (-1.35%) and above all Unicredit (-0.81%) are more cautious. Stellantis (-3.31%), Ferrari (-1.92%) and Pirelli (-2.01%) are also under pressure, in an unhappy session for the entire automotive sector in Europe.

“We have already found 25 billion cubic meters of gas in various countries where Eni has important fields, which means that we have substantially equalized our needs. We recall that from Russia we receive 29 billion cubic meters every year, while the 4 billions of difference will be part of a non-draconian savings plan, which we should in any case make to decrease the use of gas “. This was stated by the minister of ecological transition, Roberto Cingolani, speaking in a video link at the Trento Economy Festival. “We are in an unpredictable war, and it is very difficult to resolve the situation in eight or ten weeks, but we have done a huge job on diversification – added Cingolani – and of the 25 billion already contracted, half will flow from our pipelines and half will be liquid gas. to regasify. In this way the production of the three regasifiers we have in Italy will be brought to 100% and we will install two more floats, which will be used as long as needed “. The minister then explained that a floating regasifier has already been purchased by the United States and will be operational in the early months of 2023, for another ship – instead – “the contractual knot should be dissolved in the coming weeks”, he specified. To cope with the energy crisis, the states have become “stabilizers in a system that seems a bit crazy”, and the government has invested 30 billion euros in less than a year, but – explained Cingolani – “it is clear that there is no he can think of accepting the 600 or 700% increase in energy and then read from the Agency for the Cooperation of National Energy Regulators (Acer) that the market is fine and cannot be disturbed: perhaps we live on different planets. We need reviews of a market that is detached from reality “, added the minister, noting the need to invest more in research on renewable energy.



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