Compared to one year, the race to the top of fuel prices is constantly on the rise. Thanks to the increase of oil price it is estimated yet another sting on the pockets of Italian motorists and a greater expense on an annual basis, only for refueling, equal to +389 euros per family, with an overall sting from about 8 billion euros.
The price of oil, with Brent fluctuating $ 75 a barrel, makes refueling saltier than a year ago when prices fell during the first lockdown. Just think that petrol costs today 1,733 euros / liter, while the diesel fuel arrived at 1,599 euros / liter.
Compared to a few weeks ago, the price of oil has dropped by about 10 dollars but the prices of petrol and diesel at the distributor are still very high. The increases now also affect the methane which went from € 0.981 / kg in a few days to 2 euros per kg.
Gasoline and diesel price increase, fuel skyrocketing
Ongoing increases in gasoline and diesel and now methane too. The national average price of petrol according to the latest self-modality surveys is 1,733 euros / liter with the different brands between 1,729 and 1,744 euros / liter (no logo 1,723). The average price of diesel, still self, is 1,599 euros / liter, with the companies positioned between 1,594 and 1,604 euros / liter (no logo 1,593).
When served, the average price charged for petrol increases to 1,875 euros / liter with colored plants that apply average prices charged between 1,812 and 1,948 euros / liter (no logo 1,774).
The average diesel served is a 1,746 euros / liter, with the outlets of the companies displaying average prices charged included between 1,685 and 1,810 euros / liter (no logo 1,644).
According to the surveys Assoutenti, an association specialized in the transport sector, and the Codacons today a liter of petrol from the beginning of 2021 costs today + 23% and diesel even by + 24.5%.
Increase in the price of methane
The sudden increase in gas market prices has pushed methane to even exceed its quota 2 euros per kg, especially in some plants in central and northern Italy. Finally, the average price of CNG for cars is positioned between 1,675 and 1,843 (no logo 1,601), with the minimum value increasing. The prices charged for LPG instead they go from € 0.826 to € 0.849 / liter (no logo 0.821).
The increase was sudden and constitutes a real anomaly if we consider that since 2005 the average annual price of gas has always been around 24.50 cents / smc.
The increase in methane has displaced everyone a bit since until now it was considered a cheap fuel. The increase, however, was caused by the cost of raw materials which has almost tripled since the beginning of the year.
The negative effects of the increase in methane not only on motorists but also on consumers since it is also used by the entire industry of transport (such as truck drivers and those who drive work vehicles). The increase in methane causes problems as well diesel car, which are likely to remain without AdBlue for the stop of the production of the site of Yara in Ferrara.
Fuel increase effect on households
petrol costs 23% more today, diesel + 24.5%: this means for a full tank of green you spend 16.2 euros more than last year, with a higher annual outlay equal to +389 euros per family. For a full tank of diesel, the cost is +15.7 euros, with a higher annual cost of +377 euros per family
Compared to 2020, today an average family pays more +389 euros on an annual basis in the case of petrol cars (for a full of greenery you spend 16.2 euros more), +377 for the diesel car (+ € 15.7). Regarding the cost of fuels, in particular gasoline, it must be remembered that on every liter purchased by consumers, € 1.04 go in taxes due to excise duties.
Then there are the effects indirect that are already starting to be felt in the pockets of Italians, from the increase in retail prices for a multitude of products to the heavy price increases electricity and gas (which are likely to register record increases in October), and the industry is also facing higher production costs which are inevitably passed on to consumers.
In fact, in Italy the85% of the goods transported travels by road, and transport costs affect final prices charged to consumers in the supermarket. Taxation on petrol reaches today 60.6%, and without government intervention there will be a flare-up in retail prices, especially in view of holiday season.
Natural gas price increase, why?
The sudden increase in market prices of the gas has also pushed its value of methane, towards figures that no one would have ever imagined. The increase is worrying Federmetano that in a note calls for action by the Government in defense of Italian motorists and consumers:
“The current situation makes up for Federmetano a strong concern, since the consequences of this market trend affect operators in the sector, entrepreneurs and workers who represent a national excellence, and users who demonstrate great confidence in natural gas for cars. It is no coincidence that CNG consumption in the first half of 2021 is + 13% compared to the half of 2020 (Federmetano elaboration on data provided by SFBM). A figure that, added to the progressive increase in methane in circulation in the last 5 years – which went from 1.071 million vehicles in 2019 to 1.088 million in 2020 – outlines a vital sector that has so much to give to the country and to its citizens. In the face of what is happening, Federmetano has worked, and will do its best, to support the sector.
Specifically regarding the Law Decree “Save-bills”, published in the Official Gazette on 27 September last, the Association opened a dialogue with the Ministry of Economy and Finance so that the reduced VAT at 5%, provided for by the Decree in question, can also be applied to vehicle use with the possibility of transferring this benefit to the final user. Since it takes 60 days before the decree is converted into law, Federmetano is continuing his battle on the matter and is considering further solutions. The aforementioned Decree also envisages an intervention by ARERA aimed at reducing the rates relating to general gas charges for the next quarter, up to an amount of 480 million euros.
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