Petrol and diesel: IP is also set to impose price caps
The Azerbaijani state-owned company SOCAR has joined the Italian Government’s appeal
Socar is following Eni’s example and is set to cap petrol and diesel prices across the IP distribution network. This is according to a statement from the Azerbaijani group, which acquired Italiana Petroli from Api Holding in May and has decided to “curb the prices of fuel sold on the Italian market by its subsidiary Italiana Petroli”.
The price “will be set according to varying needs to ensure the survival of the supply chain, which comprises thousands of operators”: “In this way, the Azerbaijani state-owned company is heeding the Italian Government’s call to address the needs of households and businesses, which for over six months now have been facing extraordinarily high fuel prices due to the context of severe geopolitical instability affecting global supply chains”.
The limit “will be introduced gradually, starting with the IP-branded network”.
Meloni thanks the President of Azerbaijan
“Following Eni, IP has also chosen to cap fuel prices across the whole country. This is an important gesture towards Italian families, confirming that it is possible to make a tangible contribution to curbing high fuel prices. I would like to thank the President of Azerbaijan, Ilham Aliyev, for this gesture of goodwill, which strengthens our cooperation, and the Chairman of SOCAR, Rovshan Najaf.” So said Prime Minister Giorgia Meloni in a statement.
The Government will continue to work to support families and protect their purchasing power, particularly during this very challenging period on the international stage.

