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Italy Readies Plan to Extend Fuel Tax Holiday: Il Messaggero

  • Another round of measures to cushion energy price impact
  • Italy is also suffering from drought hitting hydro power
A gas station in Rome.

A gas station in Rome.

Photographer: Alessia Pierdomenico/Bloomberg

Italy’s government plans further measures to cushion the impact of high energy prices, including extending a fuel tax holiday to the beginning of October, Il Messaggero newspaper reported.

The package, likely to be approved in the second half of July according to the newspaper, would be worth around 8 billion euros ($8.3 billion). The cost would be covered by Italy’s better-than-expected economic and financial performance this year.