KEY POINTS
- Eni says fuel prices will remain market-linked.
- The €2.25 cap is meant to limit price spikes.
- Diesel was priced at €2.21 per liter on Wednesday.
Eni says it is working to keep petrol and diesel prices at sustainable levels, stressing that its current price cap is designed to protect consumers from sharp increases rather than permanently suppress fuel prices.
Italian energy company Eni said on Wednesday that it is maintaining a commercial policy that takes international market trends into account while seeking to keep petrol and diesel prices at manageable levels.
The company made the clarification in response to questions from ANSA after Italian Prime Minister Giorgia Meloni called for action to address rising fuel prices.
An Eni spokesperson said the company shares the concerns expressed by the prime minister and would continue to apply what it described as a responsible commercial policy.
According to the company, its approach is intended to balance movements in international energy markets with the need to prevent fuel prices from becoming excessively expensive for consumers.
Price cap targets sudden increases
Eni said the price cap currently in place is specifically intended to contain potential spikes in fuel prices. The cap is set at €2.25 per liter, according to the company. Eni said the measure should help limit the impact of sudden movements in international energy markets on motorists.
The company stressed that the cap should not be interpreted as a fixed price at which petrol and diesel must always be sold. Instead, it is a mechanism aimed at preventing sharp increases when market conditions push prices higher.
The clarification comes as fuel prices remain sensitive to changes in global oil markets, with fluctuations in crude prices and other international costs affecting what consumers pay at filling stations. On Wednesday, Eni set its diesel price at €2.21 per liter, placing it below the €2.25 price cap.
The company said its pricing decisions would continue to follow developments in international markets while keeping affordability in mind.
Eni’s position also reflects the broader challenge facing European energy companies as they try to respond to volatile energy prices without passing the full impact of market increases on to consumers. The company said it would continue its current approach as it monitors market conditions.
