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Italy's Antitrust Fines Six Fuel Companies €936.7 Million Over 'Bio' Pricing Cartel

The competition watchdog says the firms fixed the regulatory biofuel cost embedded in pump prices.

Overview

  • The AGCM closed its investigation on 26 September 2025 and imposed €936,659,000 in sanctions on the companies involved.
  • Penalties were set at €336.2 million for Eni, €172.5 million for Q8, €163.6 million for IP, €129.3 million for Esso, €91 million for Tamoil, and €43.7 million for Saras.
  • The case, opened after a whistleblower disclosure, found coordination on the 'bio' component of petrol and diesel prices between 1 January 2020 and 30 June 2023.
  • The authority notes the 'bio' component rose from about €20 per m³ in 2019 to about €60 per m³ in 2023, reflecting largely simultaneous increases across operators.
  • Iplom and Repsol were excluded from the finding of participation, though the decision references Repsol's conduct in relation to Tamoil following its acquisition.