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BusinessPolitics231 words2 min read

Italy Considers Fuel Bonus as Diesel Prices Rise, Especially in the South

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Photo by Michele Bitetto on Unsplash

The Italian government is studying a possible bonus that would be added to workers' pay to help with high fuel costs. This comes as petrol and diesel prices remain elevated across the country.

According to Italy's Ministry of Enterprise (Mimit), petrol is still priced above two euros per litre, while diesel has reached 2.131 euros per litre.

Diesel prices have increased the most in southern Italy, known as the Mezzogiorno. This means drivers in the south are feeling the price rises more strongly than those in other parts of the country.

There has also been discussion about an extra profits tax, a special tax on the additional profits that energy companies make when fuel prices are high. However, critics warn this kind of tax could act as a 'boomerang', meaning it could backfire and create negative effects instead of helping consumers.

Instead, some voices are pointing to biofuels as a long-term solution. Biofuels are fuels produced from plant or organic material rather than crude oil. According to the report, Italy would need around 5 million tonnes of biofuels by 2030 to make a meaningful difference to its fuel supply.

The situation highlights the ongoing tension between short-term relief measures, like a possible pay bonus, and longer-term energy strategies, such as investing in alternative fuels. For now, no final decision has been announced regarding the bonus.

Vocabulary10 words

bonus
extra money given in addition to normal pay
Mimit
the Italian ministry that deals with business and industry
Mezzogiorno
the southern regions of Italy
extra profits tax
a tax placed on unusually high company earnings
boomerang
something that causes a bad effect back on the person who did it
biofuels
fuels made from plants or organic waste instead of oil
tonnes
a large unit used to measure weight
elevated
higher than normal
consumers
people who buy goods or services
energy strategies
long-term plans about how to produce and use power

Quiz

1. What is the Italian government reportedly considering to help with fuel costs?
2. Where have diesel price increases been the sharpest?
3. Why do critics call the extra profits tax a 'boomerang'?

Fill-in-the-blank listening

Play the audio again and fill in the missing words as you listen.

The Italian government is studying a possible _____ that would be added to workers' pay to help with high fuel costs. This comes as petrol and diesel prices remain _____ across the country.

According to Italy's Ministry of Enterprise (Mimit), petrol is still priced above two euros per litre, while _____ has reached 2.131 euros per litre.

Diesel prices have increased the most in southern Italy, known as the _____. This means drivers in the south are feeling the price rises more strongly than those in other parts of the country.

There has also been discussion about an extra profits _____, a special tax on the additional profits that energy companies make when fuel prices are high. However, critics warn this kind of tax could act as a '_____', meaning it could backfire.

Instead, some voices are pointing to _____ as a long-term solution. According to the report, Italy would need around 5 million _____ of biofuels by 2030.

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