Business · Energy & Commodities · 6 hrs ago
Eni will keep its fuel price cap in place until the end of 2026
Italy’s Eni will keep a cap on petrol and diesel prices through the end of 2026.
Chief executive Claudio Descalzi confirmed the extension on October 23.
The current maximum prices are €2.25 per litre for diesel and €1.99 for petrol.
The cap began in late September as a temporary measure, amid high fuel costs and concerns about reduced supplies of refined products.
Eni says it will review the limits as market prices and available supplies change.
The company says the measure is intended to help customers, though it also carries a significant cost for the business.
Eni will keep its cap on petrol and diesel prices in place until the end of 2026, chief executive Claudio Descalzi said on 23 October.
The cap is currently €2.25 per litre for diesel and €1.99 per litre for petrol, and Eni will review it in light of market conditions and available supplies.
Eni introduced the measure on its Enilive network in late September, initially for 30 days with the option to extend it.
The company said the cap aims to support customers facing higher fuel costs amid reduced supplies of refined products.
Eni estimated that the measure could cost several hundred million euros in a quarter under current market conditions.
- Who
- Eni, whose chief executive is Claudio Descalzi.
- What
- Eni will maintain a cap on petrol and diesel prices. It will review the cap over time.
- When
- Announced on 23 October 2026; it will remain in place until the end of 2026.
- Where
- On Eni’s Enilive network.
- Why
- Eni said it wants to support customers with an essential need and cited reduced supplies of refined products linked to geopolitical crises and limited European refining capacity.
This story does not have two clearly opposing sides.
Eni began a commercial policy to contain fuel prices as pump prices started rising amid the conflict in the Middle East.
Eni announced an official price cap, initially valid for October and renewable through 31 December.
Descalzi announced that Eni would keep the cap in place until the end of 2026.
- Current diesel cap
- €2.25 per litre
- Current petrol cap
- €1.99 per litre
- Extension announced
- 23 October 2026
- Cap runs until
- End of 2026
- Estimated quarterly impact
- Several hundred million euros under current market conditions
5 sources
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What people are saying
We will monitor market and price dynamics, as well as the supplies actually available in relation to the logistics structure, to assess it during the period.
We believe that companies have a social responsibility; we cannot live in a sort of bubble outside the real world.
So we want and must be realistic and think that supporting customers is a priority for a company that deals with a fundamental need such as energy.
In terms of estimates, under current market conditions and assuming the level observed so far, we believe the impact in one quarter will be in the order of several hundred million.