Gasoline prices in Milan have surged past 2.6 euros per liter, according to reports from consumer group Codacons. The steep increase is part of a broader nationwide financial burden forecasted for the summer months.
Codacons estimates that the rising fuel costs will result in a combined "stangata," or heavy financial blow, of 10.8 billion euros for consumers during July and August.
Additionally, the consumer organization projects that the state will collect nearly 3 billion euros in VAT and excise taxes from fuel sales during the current month alone.
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