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Italian fuel prices are rising sharply due to expiring excise rebates and geopolitical tensions, prompting government interventions.

Fuel prices in Italy have surged significantly, driven by the expiration of excise tax rebates and the impact of the war in the Middle East that has caused increases of 15% for petrol and 17% for diesel across the EU. The Italian government is actively working to extend tax relief on fuel and has allocated 300 million euros to support truck drivers affected by these rising costs. Meanwhile, authorities assure that fuel supply remains stable for the next nine months despite the price volatility.