Rome – The Italian Association of Fuel and Oil Companies said total energy costs in Italy are expected to rise this year, reaching between 57 and 58 billion euros. The association explained that this projected increase is between 8 and 9 billion euros higher compared to 2025. The rise is likely to continue, even if the current crisis with Iran is resolved.
According to the association’s report, Italy spent about 48.7 billion euros on energy last year. This was a decrease of roughly 7 billion euros compared to 2024. However, the report expects that this decline will not continue in 2026 due to ongoing pressures in the global energy markets.
Estimates show that Italy’s oil bill alone could reach around 24 billion euros in 2026, up by about 4.5 billion euros from last year. This reflects the impact of rising crude oil prices on the Italian economy. The projections are based on an assumed average oil price of 90 dollars per barrel per year.
The association pointed out that current price levels will increase the burden on distribution and production sectors, creating additional challenges for the Italian economy. These estimates come amid persistent volatility in global energy markets and geopolitical developments affecting oil prices and energy supply. The markets are also closely monitoring the impact of regional crises and their potential effects on Europe’s energy costs.