Italy Cuts Fuel Taxes to Offset Soaring Energy Costs

Italy’s government approved a temporary cut to excise taxes on fuel in a bid to help citizens deal with higher costs caused by the conflict in the Middle East.

By Alberto Brambilla, Alessandra Migliaccio, Donato Paolo Mancini · Bloomberg Markets

Italy’s government approved a temporary cut to excise taxes on fuel in a bid to help citizens deal with higher costs caused by the conflict in the Middle East.