Overview

• The sanctioned companies are Eni, Esso, IP, Q8, Saras and Tamoil, accused of coordinating the bio-component element included in petrol and diesel prices.
• Eni received the largest individual penalty at €336 million.
• Investigators say the companies aligned price hikes almost simultaneously via direct or indirect information exchanges.
• The targeted element concerns the legally mandated share of renewable fuel blended into petrol and diesel under national and EU rules.
• Industry group FIGISC estimates the bio-component averaged about €0.07 per liter in the first half of the year, a relatively small share of pump prices.