Economy
In Italy, Oil Companies Eni and IP Voluntarily Cap Fuel Prices
/s3/static.nrc.nl/wp-content/uploads/2026/09/28110642/280926ECO_2037020473_fuel01.jpg)
On September 28, 2026, Italian energy giants Eni and IP voluntarily introduced price caps on gasoline and diesel to alleviate costs for households and businesses. Eni set maximum prices of 1.99 euros per liter for gasoline and 2.19 euros for diesel at its approximately 4,000 stations, a measure lasting thirty days. IP followed suit with gradual limits across its network, which is owned by Azerbaijan’s state-owned Socar. Together, the two companies control nearly 39 percent of Italy’s fuel stations, influencing market dynamics. The Meloni government welcomed the move, though smaller station owners fear unfair competition. Eni attributed high prices to geopolitical crises and limited European refining capacity, acknowledging the burden on consumers. While the savings for average drivers are modest, transport and logistics sectors may benefit significantly from reduced operational costs.
Ozetta summarises; the reporting is the newsroom's