Italian police to fight energy price speculation

A plan has been established to fight the effects of the war in Ukraine and it includes specific checks on reports on the average purchase, production and sale price of electricity, gas and oil, Zafarana told the Senate. [Shutterstock/Cineberg]

Finance Guard Commander General, Giuseppe Zafarana, announced a plan to detect speculation in connection with rising fuel prices during a hearing at the Senate on Thursday.

A plan has been established to fight the effects of the war in Ukraine and it includes specific checks on reports on the average purchase, production and sale price of electricity, gas and oil, Zafarana told the Senate.

The energy products sector “is strongly exposed to VAT evasion phenomena and excise duties, which  – in addition to damaging the revenue – produce distorting effects of competition”, Zafarana told a hearing held of the Senate’s Finance Committee.

Lawmakers also approved the possibility that the Authority Warrant may use the Finance police to monitor price trends.

Financial officers will have direct access to stock data, previously communicated by the operators of the commercial deposits and the road distribution plants, as well as to the information contained in the document, which escorts the fuels once the excise duty has been paid.

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