𝕏xIT EnvironmentEnergy first seen 12 h ago, last 15 min ago, peak #2

Socar to cut fuel prices at Italian stations after Eni

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 decision by Eni. The price cuts ease pressure on Premier Giorgia Meloni's coalition, which has faced calls to impose a windfall tax on energy companies ahead of the next election. The move is being watched as a sign oil companies are responding to political and public pressure over high fuel costs.

Why now: Fuel price cuts by major energy firms reduce pressure on Meloni's government to impose a windfall tax before the 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 · 70

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