ENI

Eni has set a maximum price of 2.19 euros per liter for diesel and 1.99 euros for gasoline at its service stations, valid initially for 30 days from Sept. 28 with a possible extension until the end of the year. Q8 and Tamoil have followed the price cap after the government let the 6.1-cent diesel relief expire and instead introduced a system of mobile consumption taxes. High fuel prices have already sparked protests by farmers and fishermen in Calabria and Lampedusa. » Więcej na finanzen.net

Tamoil introduces a price cap for fuel, following announcements by Eni, IP and Q8 after an appeal from the government. The discounts are initially valid until the end of October and are intended to ensure citizens' mobility, while companies cite geopolitical crises as drivers of price rises. The state excise duty discount for diesel has been reduced and is to be replaced by a flexible mechanism. Transport companies and taxi drivers are threatening strikes despite the measures because of high fuel costs. » Więcej na finanzen.net

Eni lowers the retail price for super petrol to €1.99 and diesel to €2.19, introducing a voluntary price cap initially until the end of October. Italia Petroli and Q8 said they would gradually join; together the three groups control around half of Italy’s petrol station market. The forgone revenue could amount to several hundred million euros depending on price developments — for Eni it could be about €100 million per month — and the stock rose roughly 3% after the announcement. With the voluntary measure the companies aim to avoid costlier state interventions such as a statutory price cap or a windfall profits tax. » Więcej na n-tv.de