The Italian government adopted a series of measures on Wednesday night on “fuel price transparency”, particularly for displays at petrol stations, to tackle skyrocketing prices.
A decree-law, adopted during a council of ministers chaired by the head of government Giorgia Meloni, requires service stations to show not only the sale price charged, but also the average price at the national level so that consumers can make a informed decision. The two prices must be shown “together”, stressed the Government in a press release published after the Council of Ministers.
The decree-law also provides for more severe sanctions in case of violation of the provisions on price publication, in particular, a suspension of the activity from seven to 90 days in case of recidivism.
Public deficit forecasts raised by one point by the Government
Like its European neighbors, Italy has spent billions of euros since the start of Russia’s invasion of Ukraine on measures to help households and businesses cope with rising energy prices.
To free up additional resources that will be financed with debt, the Government of Giorgia Meloni has raised the forecast for the country’s public deficit for 2023 to 4.5% of GDP, compared to the 3.4% forecast in September by the Government of her predecessor , Mario Draghi.
Source: BFM TV
