Business · Energy & Commodities · 2 days ago

Eni cuts recommended diesel price to €2.19 per litre

Eni cuts recommended diesel price to €2.19 per litre

Eni has lowered the recommended price of diesel at its stations in Italy by two cents, from €2.21 to €2.19 per litre.

The new price matches the level Eni first announced on September 25.

Its official cap remains €2.25 per litre.

The cap was raised after a planned tax cut on fuel excise duties had not taken effect, leaving out a 6.1-cent-per-litre reduction.

The government has not yet applied that mechanism, which was meant to ease the impact of rising fuel prices.

Eni says it wants to keep prices at a sustainable level, and a fuel-industry association said the price limits can help families and businesses.

The sources give no date for when the government may apply the tax cut.

Sources

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