Italy: Pump Prices Keep Rising Even as Oil Falls, Government Discount Shrinks

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Gasoline prices in Italy continue to rise even as international oil prices fall, with regular unleaded topping 2 euros per liter in 10 regions, reaching 2.031 euros in South Tyrol. The government's intended 17-cent-per-liter tax cut has effectively shrunk to just 8.5 cents of real savings, eroding about 4.25 euros of benefit on a full tank.