Saturday, October 29, 2016

The italians have saved 4.6 billion of gasoline, but from next year we will spend more – The Republic

Continue to decrease the expense of the italians for the fuel, even if the effect-savings is diminishing with the passage of time and the recovery in the price of oil. According to an elaboration of the Centro Studi Promotor, the savings is “determined from prices at the pump lower in 2016 than in 2015 in the presence of consumption basically stable”. But if, in the compared with a year earlier, in January this savings was 497 million, “in September, the lowest expense on the September 2015 was only 61 million. The reason for this situation is that the trend in fuel prices has been reversed, starting from the beginning of march this year”.

taking advantage of the bank of data on consumption and expenditure for fuels in Italy and of the Promotor, the Centre for the study notes that “the downward trend in the prices of gasoline and diesel fuel that occurred after the peak in 2012 resulted in substantial savings in the expense of the italians for transport fuels. In particular, in 2015, the savings was about 7 billion. In 2016, the savings should be kept to under 5 billion, and there is the real prospect that the spending increases in 2017″.

As every month, Promotor then drew up a final statement on the consumption and expenditure of petrol and diesel cars in our Country: in the first nine months of the year, compared with the corresponding period of 2015, the consumption fell 0.3%, while expenditure fell by 42,174 billion 37,605 billion, with a decrease of 4,569 billion (-10,8%), a decline consisting of 915 million from lower tax revenue and, to 3,654 billion in lower revenues for the industry and the fuel distribution.

another alert on the possible rise in the price of next year comes from the Cgia of mestre, which detects as, however, there will be, at least for 2017, the increase in the Vat linked to the safeguard clauses of the budget. For the Cgia, however, the rise in prices of fuels for gasoline and diesel fuel is around 0,005 euro per liter (half a euro cent). The Stability law of 2014 (the Government Read) – remember the association of venice – has planned for 2017-2018, an increase of excise duties on fuels in such a way to find additional resources, respectively, 220 and 199 million euro. It will be a decision of the Director of the Agency of Customs and Monopolies to establishing the entity, i.e. the amount that will go to increase the taxation on motor fuels. “We hope that with the law of Budgetary 2017, the executive sterilize this rise, says Paul Zabeo of the centre for studies of the Cgia -. Although the price of oil is very low, the price of fuel at the pump rem ains too high, especially because of the level of taxation on a full tank of gas accounts for 69% and that of diesel to 67%. A level that, in both cases, is at the top in the Eu”.

How much is a full tank of a petrol car with tank of 50 Lt
Year 2010 2014 2015 2016 2017
Price industrial € 28,65 € 33,67 € 26,48 € 22,23 € 22,23
VAT € 11,37 € 15,44 € 13,84 € 12,90 € 12,96
Excise duty € 28,20 € 36,52 € 36,42 € 36,42 € 36,67
Price at the pump € 68,22 € 85,63 € 76,74 € 71,55 € 71,86
% Incidence of taxes (*) on the price at the pump 58,0% 60,7% 65,5% 68,9% 69,1%

Processing Studies Office CGIA on data from the Ministry of Economic Development

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