Italy’s state-controlled energy company Eni has implemented a 30-day price cap on fuel at its stations, setting maximum prices at €2.19 per litre for diesel and €1.99 for unleaded petrol. This measure, effective from Monday, aims to alleviate financial pressure on households and businesses as fuel prices continue to rise amid geopolitical tensions involving Iran. The capped prices are approximately 17 cents per litre lower than the average prices recorded before the measure was announced.
In response to the high fuel costs and a perceived lack of government action, truck drivers in Sicily have announced a five-day strike set to occur from October 16 to 20. This industrial action highlights growing discontent among drivers who demand more substantial governmental intervention to address their concerns.
Taxi drivers have also voiced their dissatisfaction with the current fuel prices, hinting at potential strikes if the government fails to engage in discussions with them. This collective unrest underscores the widespread impact of rising fuel costs across different sectors in Italy.
Adding to measures aimed at mitigating the effects of climbing fuel expenses, Azerbaijan’s state-owned energy company SOCAR has revealed plans to introduce similar fuel price caps at its IP petrol stations in Italy. This initiative further reflects the concerted efforts by energy companies to cushion the economic impact on consumers.
Separately, the Italian government has taken steps to reduce diesel duties as part of its strategy to manage fuel expenses. However, this tax reduction is scheduled to expire in early October, leaving uncertainty about future governmental measures to address ongoing fuel cost challenges.