Fuel prices falling

Eugenio Volpato, president of the FIGISC – Confcommercio managers of the province of Vicenza:

Positive start to the summer season, at least, on the fuel front: prices at the pump, both served and self are decreasing. According to data processed by Figisc (Italian Federation of Road Fuel System Managers) – Confcommercio, from 23 April to 9 June the national average price calculated on the basis of the MIMIT file of daily prices charged fell between 6.4 and 6.9 cents/litre for petrol and between 10.0 and 10.2 for diesel, depending on the refueling method (self or served).

For petrol, the price is 0.7-1.1 cents/litre lower than the 2024 average which is 1.999 euros/litre for served and 1.861 for self-service; for diesel, however, the price is below of approximately 7.7-8.0 cents/litre at the 2024 average levels, equal to 1.919 for served and 1.779 for self. It is estimated that the saving on a full tank of petrol for a medium-sized car is around 3 euros, a few euros more if the car is diesel.

But if the drop in spending may not yet appear to be so incisive, in fact, it is still a positive reversal of trend. He confirms it Eugenio Volpato, president of the Figisc-Confcommercio fuel plant managers of the province of Vicenza: “The decrease in prices is underway and is essentially due to market dynamics – explains Volpato -. The cost of fuel at the pump reflects with a high direct correlation the trend in prices of finished products, Platt’s CIF Mediterranean, i.e. the “fuel exchange”.

In addition to a product supply that may have exceeded demand, statistics show that a different modulation of the gross industrial margin has also occurred in recent months.

“In these dynamics – continues Volpato – we managers of fuel plants, the last link in the chain, apply to the pump the price indicated to us by the oil companies, and which fortunately for end consumers, in this period, is lower than in the past. We hope it will stay that way for a long time.”


President Volpato then specifies: “IThe price of petrol is made up of 57.41% taxes and for diesel the percentage is 54.33. For a more effective and long-lasting decrease in prices at the pump, it would be enough to reduce this percentage, something that so far no Government has ever thought of doing in a stable way.”

 
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