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Socar cuts fuel prices at Italian stations after Eni move

Original: Azerbaijan’s Socar will cut fuel prices at its Italian service stations, following a similar move by Eni that eases pres

Azerbaijan's state oil company Socar will lower fuel prices at its service stations in Italy, following a similar announcement by Eni. The price cuts ease pressure on Prime Minister Giorgia Meloni's government, which has faced calls to impose a windfall tax on energy companies ahead of the next election. The moves are being read as an effort by oil majors to avoid new taxation.

Why now: Fuel price cuts by major energy firms reduce political pressure for a windfall tax ahead of Italy's election.

SocarEniGiorgia MeloniItalyAzerbaijan

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• Azerbaijan’s Socar will cut fuel prices at its Italian service stations, following a similar move by Eni that eases pressure on Premier Giorgia Meloni’s coalition to impose a windfall tax on energy companies ahead of the next election · business · 43

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