Overview
- Antitrust regulator AGCM closed its inquiry on 26 September and levied €936.6 million in penalties against Eni, Esso, Ip, Q8, Saras and Tamoil.
- Investigators found coordination from 1 January 2020 to 30 June 2023 on the valore della ‘componente bio’, a regulated biofuel cost included in retail prices.
- The bio component’s value rose from about €20 per cubic meter in 2019 to about €60/m3 by 2023 during the period cited by the authority.
- AGCM said the conduct relied on direct and indirect information exchanges and was facilitated by publication in Staffetta Quotidiana, with data partly supplied by Eni.
- Iplom and Repsol were excluded from charges, Tamoil’s sanction references conduct of Repsol’s former Italian operations, and Eni and Saras said they will challenge the decision.