Petrol and diesel prices, Cgia: “Return 1 billion surplus to Italians ‘treasure'”

Faced with an extra revenue of 1 billion euros that the Treasury will collect due to the surge in the prices of gasoline, diesel and LPG for transport, the CGIA asks the Government to “give back to Italians, especially road hauliers and those who use it daily a vehicle for work reasons (taxi drivers, car rental companies, commercial agents, etc.), this ‘treasure’ of 1 billion euros, increasing, for example, the fuel tax credit provided for each year for these categories in the declaration of income “. “It is superfluous to remember that the price at the pump of petrol, diesel and LPG for motor vehicles is not determined by the state; however, the increase in the cost of fuels recorded in 2021 was certainly good for the tax authorities, not at all. portfolio of motorists “clarifies the CGIA which today released the estimates on the extragettito. The CGIA also recalls that at the beginning of 2021 both the industrial and the pump prices of all fuels and the related consumption were very low; this following the pandemic crisis and the consequent restrictions on mobility applied at the time. Therefore, the percentage increase in extra revenue recorded to date is “affected” by the initial situation and the subsequent increases recorded both in consumption and in prices at the petrol, diesel and gas pumps for transport. In 2021, the CGIA continues, fuel pump prices have undergone significant increases. Gasoline, for example, went from an average cost of 1.47 euros / liter recorded in January to 1.72 euros / liter recorded in October (variation +17 percent). Diesel, on the other hand, cost 1.34 euros / liter at the beginning of the year; today the average price has reached 1.58 euro / liter (+17.9 per cent). Finally, LPG – continues the CGIA – in January amounted to an average of 0.63 euro / liter; 9 months later, owners of gas-powered vehicles pay € 0.79 / liter (+25.4 per cent). With regard to consumption, another indispensable variable to calculate the estimate of the higher VAT revenue in 2021, in the first 9 months of the year, Italians purchased over 5 million tons of gasoline, almost 17 million tons of diesel and just over 1 million tons of LPG. Therefore, by multiplying the average prices charged by the service areas with consumption, we went back to the estimate of the higher VAT revenue collected by the tax authorities in 2021; amount equal to just over 1 billion euro. The CGIA emphasizes that in the survey carried out by the CGIA Studies Office it was hypothesized that consumption in the months of October, November and December will remain in line with those recorded in September 2021. finally hypothesized that also in the last two months of this year the prices at the pump of the three fuels examined will remain the same as those recorded in this month of October, concludes the CGIA.