Eni S.p.A. announced an extension of fuel price discounts to the agricultural and fishing sectors as part of its "Eni for Italy" initiative, offering a discounted rate of 20% net of VAT for customers purchasing agricultural and fishing diesel and gasoline through its Enilive business. The discounted prices will remain until the end of the month, and based on the market scenario and product availability, the discounts may be extended till the end of this year. The move follows Eni's earlier offer of a 30% discount on electricity and natural gas rates to Italian households through its retail wing, Plenitude, and its prior price cap on diesel and gasoline at participating Enilive fuel stations, under which diesel was capped at €2.19 per litre and petrol at €1.99 per litre. Eni said the measure is intended to support the agricultural and fishing sectors, both of which are highly sensitive to changes in energy and fuel costs, and to demonstrate further solidarity with the country while helping the government ease the burden of higher energy costs on Italian consumers. Eni currently carries a Zacks Rank #1 (Strong Buy).
Eni S.p.A.Eni extends a 20% fuel discount to agriculture and fishing customers, cutting its own product prices
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