ENI caps Italian fuel prices, absorbing €100M cost through 2026

Italian energy major ENI has set maximum prices for diesel and gasoline in Italy, a measure expected to cost the company around €100 million and to remain in effect until year-end, subject to market trends and supply. This is a voluntary price cap by a major supplier, likely in response to political pressure or to preempt government intervention, and it signals potential margin compression for ENI and possibly a broader trend of state-influenced fuel pricing in Europe.