After Eni and Ip, also Q8 adds to the list of distributors that apply a cap to petrol and diesel prices.
The announcement of Q8
"Q8 Italy, accepting the invitation of the Italian government, will apply a price cap on petrol and diesel, confirming its commitment to supporting consumers". The company announced this through a note in which it explains "the price cap will have duration of 30 days starting from October 1st and is aimed at generating tangible benefits for motorists".
“The price cap will apply with a modular approach, consistent with the various entities that make up the company's distribution system. Q8 Italia will provide appropriate support to managers and partners to ensure the economic sustainability of the entire supply chain,” the statement concludes.
Eni and IP prices
From 28 September, Eni applies on the network Enilive imposes a price cap of 1,99 euros per litre for petrol e 2,19 euros for diesel, approximately 17 and 19 cents less than the national average prices recorded the day before, equal to 2,159 and 2,377 euros per litre respectively. The measure it will last 30 days, with the possibility of being extended until the end of the year based on market and supply trends.
In a short time, too Ip, controlled by the Azerbaijani company Socar, owner of Italiana Petroli since last May, has accepted the government's appeal and announced reduced rates for a month at 300 of its approximately 3.400 petrol stations. The Azerbaijani group plans to gradually extend the reductions based on an assessment of the market areas, possibly also involving esso and other operators supplied by IP. How much are they? The prices applied are the same as the price cap set by Eni.
Sold out at distributors in Naples, Rome and Florence
In this context, the first day of the price cap saw some petrol stations sold out, from Naples to Florence and Rome, even if at the moment the reductions concern approximately 4.100 plants out of 20 and from companies to unions, calls are multiplying for the price cap to become widespread.
“The voluntary commitments, in their entirety, cover less than four out of ten distributors, are limited in time and can be reviewed at any time”, said the secretary general of the CISL, Daniela Fumarola, according to whom a stable norm is needed that automatically triggers a dynamic roof, the same for everyone operators, when pump prices rise beyond what is justified by the market price. A similar appeal came from the operators Faib Confesercenti and Fegica, who have presented a proposal to this effect in Parliament. Assopetroli-Assoenergia has instead requested the government to immediately open a discussion to extend the controlled prices for wholesale salesThis would allow us to reach families and businesses currently excluded and ensure fair competition for independent operators, whose very survival is at risk.
Fuel: Average prices also drop
Meanwhile average fuel prices are fallingThe latest data collected by the Fuel Price Observatory report for Tuesday 29 September that the average price of fuel in “self-service” mode along the national road network has dropped to 2,126 euros per litre for the petrol from 2,152 yesterday to 2,335 euros per litre for the Diesel From 2,369 yesterday. On the motorway network, the average self-service price is 2,180 euros per litre for petrol (2,214 yesterday) and 2,383 euros per litre for diesel (2,420 yesterday).
