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SOCAR Joins Eni to Cap Italian Fuel Prices

Azerbaijans SOCAR is matching Enis fuel price caps in Italy, setting diesel at 2.19 euros and petrol at 1.99 euros per litre. The move supports Prime Minister Giorgia Melonis efforts to ease energy costs amid supply disruptions.

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A logo of the ENI is seen at the petrol station in Rome, Italy, April 9 2016. REUTERS/Alessandro Bianchi/File Photo

State oil company SOCAR of Azerbaijan will match fuel price caps adopted by ENI SPA in Italy, capping diesel at €2.19 and petrol at €1.99 per litre. The move supports Prime Minister Giorgia Meloni's push to curb rising energy costs amid global supply disruptions. This aligns two major operators controlling over 40% of the domestic pump network.
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