Italian Fuel Price Cap
Eni Implements 30-Day Fuel Price Cap at Italian Stations to Relieve Households
Anonymous
Eni will cap prices at its Enilive stations in Italy from September 28 at €2.19 per litre for diesel and €1.99 for petrol, about 17 cents below current averages. The cap will initially last 30 days and could be extended through year-end depending on market and supply conditions. Eni cited geopolitical supply disruptions amid the Iran war and the loss of nearly 30 European refineries over 15 years as factors driving prices higher, and said it has absorbed part of rising wholesale costs. The move comes as the Italian government’s diesel excise-duty relief is being reduced; the government welcomed the cap as support for households facing fuel-price increases. Eni also pointed to its investments in Italian biorefineries and lower-carbon fuel production.
Key Points
1
Eni said the price cap is linked to the excise-duty relief currently in force in Italy.
2
Eni described high fuel prices as a severe burden not only for households but also for Italian businesses.
3
Eni said its investments in Italian sites are intended to safeguard jobs and support the environment, while preserving refining capacity for sustainable products that might otherwise be lost.
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