The Iran war could cost Italy nearly €12 billion, or around $13.9 billion, in additional energy expenses, according to an estimate by the Italian Confederation of Craft Trades and Small and Medium Sized Enterprises CNA.
The organization calculated that Italian households and businesses could face approximately €11.6 billion ($13.5 billion) in additional spending on fuel, electricity and gas between March 1 and August 31, compared with energy costs before the conflict began on February 28.
More than half of the additional expenditure is linked to transportation and mobility, with higher petrol and diesel prices contributing significantly to the overall increase.
CNA estimated that gasoline and diesel costs alone could add approximately €5.8 billion to Italy’s energy bill during the six month period.
Despite the higher prices, demand for gasoline remained strong. In July, gasoline consumption reached around 900,000 metric tons, marking the highest level in 16 years and representing a 3.1% increase compared with July 2025.
Diesel consumption declined during the same period, helping to limit the overall increase in energy costs. However, the reduction in demand was not sufficient to compensate for the impact of higher prices.
Electricity also contributed substantially to the additional burden. CNA estimated that Italian consumers could face another €3.7 billion to €3.8 billion in electricity expenses over the six month period.
The figures indicate that rising energy prices have not significantly reduced consumption. In fact, Italy’s electricity demand reached a record high for July, suggesting that consumers and businesses continued using substantial amounts of electricity despite the price shock.
PRESS UPDATE