Eni says it is keeping diesel and petrol prices sustainable, backs price cap for spikes

Italian energy company Eni has said it is working to keep diesel and petrol prices sustainable for consumers, while backing the idea of a price cap mechanism designed to address sudden price spikes rather than everyday pricing. A company spokesperson made the comments to the Italian news agency ANSA.

"We share the needs expressed by Prime Minister Meloni," the spokesperson told ANSA, referring to concerns the Italian prime minister has raised about fuel affordability. The statement signals Eni's alignment with government concerns over the cost of fuel for Italian consumers and businesses.

Price cap framed as a tool for volatility

According to the company's framing, a price cap would be intended to act as a safeguard against sharp, sudden increases in fuel prices rather than as a blanket measure affecting day-to-day pricing. This distinction suggests Eni is positioning itself as supportive of targeted intervention during periods of volatility while seeking to maintain flexibility in its regular pricing.

The comments come amid broader public and political attention in Italy to fuel costs, which have periodically become a point of tension between energy companies, consumers and policymakers. ANSA's report did not include further detail on when or how any price cap mechanism might be implemented, or what specific thresholds might trigger it.