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Italy Summons Oil Firms as Diesel Tops €2.20 and Pump Prices Defy Oil Drop

Ministers press suppliers to cut pump prices following a sharp oil drop.

Overview

  • Industry leaders, who met Thursday at the business ministry, were told to lower pump prices immediately, with Eni, Q8, IP and Tamoil all called in.
  • Official monitoring shows self-serve diesel averaging €2.184 per liter on roads and €2.203 on motorways, both up from Wednesday’s readings.
  • Consumer groups say prices kept rising even after crude fell about 16%, with diesel already above €2.20 per liter in places such as Bolzano and Calabria.
  • The government defended its excise cut and warned it could tax extra profits, while finance police found rule breaches in 73% of checks and the antitrust counted 247 probes across the supply chain.
  • For drivers, the jump adds about €928 a year for a large SUV at 20,000 km, even with an excise cut of roughly €0.244 per liter in place until May 1.