
The Azerbaijani energy company responds to the Italian Government's appeal to support families and businesses in the face of price increases.
AI-generated summary
Fuel prices in Italy have been rising sharply for over six months due to global geopolitical instability.
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".
Today new increases, the protest of the categories
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).
And the protest of the categories against the high fuel prices is mounting. After the hauliers, taxi drivers are also threatening to strike in the absence of a government call. "We are awaiting answers from the government and the Municipalities. If there are any, we will evaluate them, but if they don't call us we are forced to stop. Without answers the only alternative is a strike". This was stated by Lorenzo Bittarelli, president of itTaxi, interviewed by ANSA.
"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 still pending such as the implementing decrees of the regulations on the sector and if necessary we are absolutely ready to take to the streets". Carlo Di Alessandro, Rome provincial president of Federtaxi Cisal, says so.
AI outlook — possibilities, not facts
Progressive application of the price cap on the IP network.
Very likely · Within days

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