
The Azerbaijani energy company Socar, owner of Italiana Petroli, announces a cap on petrol and diesel prices to counter market instability.
Socar, an Azerbaijani energy company, has decided to calm fuel prices at its Italian subsidiary Petroli (IP) in response to the Italian Government's appeal, following Eni's initiative to combat high fuel prices.
AI-generated summary
Fuel prices in Italy have been steadily rising for over six months due to global geopolitical instability affecting supply chains.
After Eni, Socar, an Azerbaijani energy company, has also decided to "calm the prices of fuels marketed on the Italian market by the subsidiary Italiana Petroli (Ip)".
This can be read in a note from the group, which finalized the acquisition of Italiana Petroli from Api Holding on 8 May. The group, it is explained, has decided to "strengthen its commitment towards Italy" with "the aim of setting a limit to the sales prices of petrol and diesel along the fuel distribution network".
The limit will come into effect from tomorrow and "will be applied progressively, starting from the IP brand network - it is explained - guaranteeing significant support to the partners and network operators with whom the company has built over the years a relationship of full trust, transparency and collaboration, which distinguishes it within the national energy panorama".
From tomorrow the Eni discount: the company has set a ceiling of 2.19 euros per liter for diesel and 1.99 for petrol from next Monday.
The detail of the discount
"The price value will be established based on the different needs to guarantee the survival of the supply chain, made up of thousands of operators", explains the note, which underlines that "in this way the Azerbaijani state company adheres to the Italian Government's appeal to meet the needs of families and businesses, which for over six months have been faced with extraordinarily high fuel prices due to the context of strong geopolitical instability that impacts global supply chains".
The limit will come into effect from tomorrow and "will be applied progressively", explains the note. "At the same time, the most effective ways to extend the mechanism to Esso branded stations and to other operators in the supply chain who supply from IP and distribute through their own brands throughout the national territory will be studied".
New increases today
But in the meantime today there are new increases - and new protests - in fuel prices, both on roads and motorways. The Ministry of Business and Made in Italy announces that, based on the latest data collected by the Mimit Observatory on fuel prices, the average price of fuel in 'self service' mode along the national road network is equal to 2.159 euros per liter for petrol (from 2.158 yesterday) and 2.377 euros per liter for diesel (from 2.357 yesterday). On the motorway network, diesel is increasingly closer to 2.5 euros per litre: the average self-service price is 2.254 euros for petrol (2.252 yesterday) and 2.459 euros for diesel (from 2.439 yesterday).
Taxi drivers ready to strike
Taxi unions are ready to strike. The high cost of fuel adds to a series of other critical issues affecting the category and has led the situation to become "unsustainable", explain Unica Taxi Filt Cgil and Uiltrasporti interviewed by ANSA. The unions have already asked the government for a meeting, but if they do not receive a response, "a stoppage of service" will be inevitable for them.
"We have already sent more than one request to the government in terms of concrete interventions" on the high cost of fuel, "such as a reduction in excise duties or an increase in the tax credit. This week a new letter was sent in which we also ask for measures related to other issues that have remained pending such as the implementing decrees of the rules on the sector and if necessary we are absolutely ready to take to the streets", also says Carlo Di Alessandro, Rome provincial president of Federtaxi Cisal, interviewed by ANSA on the issue of the price rise of fuels.
AI outlook — possibilities, not facts
Possible strike by taxi drivers in the absence of government responses.
Likely · Within weeks

Socar, owner of Italiana Petroli, has decided to calm the prices of petrol and diesel in Italy, following the example of Eni. The measure aims to support families and businesses against high fuel prices, in response to the Italian Government's appeal.

After Eni, IP also reduces fuel prices in Italy. Prime Minister Giorgia Meloni thanks Azerbaijani President Ilham Aliyev and the Socar summit for their cooperation, reiterating the government's commitment to supporting the purchasing power of families.

After Eni, Italiana Petroli (IP) also introduces limits on fuel prices in Italy. The decision, defined as a voluntary contribution, follows the request made by Foreign Minister Antonio Tajani to the leaders of the Azerbaijani company Socar.

Socar, an Azerbaijani energy group, has announced its intention to calm the prices of petrol and diesel on the recently acquired Italian Petroli (IP) distribution network, to support Italian families and businesses against high fuel prices.

Eni introduces a cap on petrol and diesel prices, guaranteeing average savings of between 8.45 and 9.35 euros per tank. The initiative, operational since 28 September, was analyzed by Adusbef and Unimpresa, highlighting greater benefits in areas with higher prices.

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