Socar: IP to set limits on petrol and diesel prices
We support the Government’s call to cap fuel prices
(Il Sole 24 Ore Radiocor) - Socar is following Eni’s example and is ready 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 fuels sold on the Italian market by its subsidiary Italiana Petroli”.
The price “will be set in accordance with the various needs to ensure the survival of the supply chain, comprising thousands of operators”: “In this way, the Azerbaijani state-owned company is responding to the Italian Government’s appeal 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 cap “will be applied gradually, starting with the IP-branded network”.
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