High fuel prices at the Council of Ministers: 300 million for road transport

The Italian government, facing mounting pressure from the road transport sector due to soaring fuel prices, has convened an emergency Council of Ministers to address the crisis. The urgency of the situation is underscored by the proposed decree-law, which includes significant financial aid and regulatory adjustments aimed at alleviating the burden on businesses, particularly road haulers.

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A decree-law with urgent provisions regarding oil prices and support for economic activities due to the prolonged crisis in international markets is on the agenda of the Council of Ministers convened at 7 p.m. at Palazzo Chigi.

The proposed measures, totaling €300 million for the transport sector, are a direct response to the strike called by transport associations. These include a reduction in the compensation period for excise duties, a temporary suspension of tax payments to improve business liquidity, and the establishment of a general consultative body for road transport issues. These proposals signal the government's commitment to finding a resolution and de-escalating the conflict.

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Three hundred million euros in total support for road transport, reduction from 60 to 30 days for quarterly excise duty compensation, suspension of tax payments for one month for business liquidity, establishment of a general consultation for road transport for all regulatory issues, confrontation with the government.

The decision by road transport associations to suspend their strike, pending the Council of Ministers' approval of the measures, reflects a tentative agreement. Andrea Laguardia, vice president of Legacoop Produzione e Servizi, and Sergio Lo Monte, secretary of Unatras, both indicated that the conditions for suspending the strike were met following the discussions at Palazzo Chigi. This suspension is crucial for restoring normalcy to the supply chain and preventing further economic disruption.

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The associations of road haulers have decided to suspend the work stoppage proclaimed in recent days from May 25 to 29.

From an Italian perspective, the government's swift action demonstrates its responsiveness to critical economic challenges. The focus on supporting the road transport sector, a vital component of the national economy, highlights the government's understanding of the interconnectedness of various economic activities. The measures aim not only to provide immediate relief but also to foster a more stable environment for businesses grappling with international market volatility. The successful negotiation and potential implementation of these measures will be a key indicator of the government's ability to manage economic crises effectively.

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For the eventual revocation, explained Andrea Laguardia vice president Legacoop production and services, the Council of Ministers is awaited, convened to approve measures against high fuel prices.