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Italy this year is expected to reach oil import charges 374 billion euros
Rome, Italy (Reuters) - reported oil industry group alliance (UP) on February 17th said here, as oil prices rising energy imports, rely heavily on the Italian expected this year for petroleum import costs will be increased over the past year, 38.5%.
Italian UP said in a statement, Italy this year's oil import costs are expected to 270 billion euros from last year's increased to 31.3 billion euros (424.9 billion) and between 374 billion euros.
This estimate is based on anticipated average 90-100 dollars a barrel and the current exchange rate calculated.
UP says, Italy this year will total energy costs from last year's 517 billion euros increased to record 604 billion euros.