Rome, 25 September (LaPresse) – Eni has set a price cap on the fuel sold by Enilive at 2.19 euros per litre for diesel and 1.99 euros per litre for petrol (approximately 17 cents less than current average levels). The price cap, Eni explains in a statement, is linked to the excise duty relief currently in force and will apply from 28 September, for an initial period of 30 days, with the possibility of extension until the end of the year depending on market trends and supply conditions. The contraction in the supply of refined products on the international market resulting from the ongoing geopolitical crises, combined with a shortage of refining capacity at European level (almost 30 refineries have closed over the last 15 years), has driven fuel prices to levels that are extremely burdensome for Italian households and businesses: in this context, Eni intends to make a further gesture of solidarity towards the country, consumers and its own customers, building on the initiatives already undertaken by the Company since last March by only partially passing on the rise in international prices to the recommended retail prices at its service stations, thereby absorbing a significant portion of the increase. Eni is also committed to the operation of the biorefineries built in Venice and Gela, as well as to development and transformation projects in Livorno and at other sites across the country, safeguarding jobs and the environment, investing significant capital in local communities and preserving refining capacity (particularly for sustainable products) that would otherwise have been lacking in the market.
Fuel: Eni to impose a one-month price cap on petrol and diesel from 28 September
Rome, 25 September (LaPresse) – Eni has set a price cap on the fuel sold by Enilive at 2.19 euros per litre for diesel and 1.99 euros per litre for petrol (approximately 17 cents less than current average levels). The price cap, Eni explains in a statement, is linked to the excise duty relief currently in force and will apply from 28 September, for an initial period of 30 days, with the possibility of extension until the end of the year depending on market trends and supply conditions. The contraction in the supply of refined products on the international market resulting from the ongoing geopolitical crises, combined with a shortage of refining capacity at European level (almost 30 refineries have closed over the last 15 years), has driven fuel prices to levels that are extremely burdensome for Italian households and businesses: in this context, Eni intends to make a further gesture of solidarity towards the country, consumers and its own customers, building on the initiatives already undertaken by the Company since last March by only partially passing on the rise in international prices to the recommended retail prices at its service stations, thereby absorbing a significant portion of the increase. Eni is also committed to the operation of the biorefineries built in Venice and Gela, as well as to development and transformation projects in Livorno and at other sites across the country, safeguarding jobs and the environment, investing significant capital in local communities and preserving refining capacity (particularly for sustainable products) that would otherwise have been lacking in the market.