Italy moves to speed oil, gas projects in energy security push
XLE•Companies active in Italy's hydrocarbon sector
Shell SHEL.L and TotalEnergies TTEF.PA operate in Italy's hydrocarbon sector, along with state-controlled Eni ENI.MI.
($1 = 0.8615 euros)
Fuel tax relief and import costs remain a burden
Seeking to ease fuel prices, Meloni's government introduced a temporary cut in excise duties in March and has repeatedly extended the measure, including on Thursday.
The tax relief has so far cost the state more than €2.6 billion ($3.02 billion) when also including tax breaks for truck drivers.
National fuel producers association UNEM said in June that Italy was expected to spend almost €60 billion this year to import energy, up €8 billion to €9 billion from 2025.
