Eni Caps Enilive Fuel Prices as European Refining Crunch Bites

Oilprice.com··IT·Read original
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Eni will cap fuel prices at its Enilive service stations from September 28, limiting diesel to €2.19 per liter and petrol to €1.99 per liter, roughly €0.17 per liter below current average levels. The measure will initially run for 30 days and could be extended through the end of 2026 depending on fuel-market conditions and supply trends. Eni tied the move to excise-tax relief currently in force in Italy and said it aims to shield households and businesses from elevated fuel prices. The company said nearly 30 European refineries have closed over the past 15 years, leaving the market more exposed when supplies tighten or imports are disrupted, and that it has been absorbing part of the rise in international fuel prices since March rather than fully passing on higher wholesale costs. Eni continues refining-related investments in Italy through Enilive, including biorefineries in Venice and Gela and the transformation of its Livorno industrial site toward biofuels and lower-carbon products.

Impact on assets 1

Energy▼ · 1 stocks
Eni S.p.A.
ENI
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Eni caps Enilive diesel/petrol prices ~€0.17/liter below market, limiting its own fuel revenue/margins.