Eni Fuel Price Cap Takes Effect in Italy

A fuel price cap introduced by Italian energy company Eni has come into force, setting diesel at €2.19 per litre and unleaded petrol at €1.99 per litre, according to a report by ANSA.

The cap is intended to provide price certainty for motorists at Eni-branded fuel stations, at a time when fuel costs have remained a point of concern for consumers in Italy.

Fuel price caps have periodically been used by energy companies and governments in Europe as a way to soften the impact of volatile international oil prices on households and businesses that rely on road transport.

Further details on the duration of the cap, the full list of stations to which it applies, and whether it will later be extended or adjusted were not immediately available.

No additional information was provided on how the specific price levels were determined or whether other Italian fuel retailers plan to introduce comparable measures of their own.