- AGCM initiated proceedings over two years ago.
- The case involves the cost of the bio component in fuel prices.
- The bio component is mandated by regulatory obligations.
- Eni plans to defend its case in court.
AGCM's Allegations
The Italian Competition Authority (AGCM) has accused Eni of participating in an agreement that restricts competition among major oil companies in Italy. The focus is on the cost of the bio component added to fuel prices, which is required by regulatory obligations.
Eni's Response
Eni strongly disagrees with AGCM's conclusions, arguing that the case is based on a misrepresentation of facts and market logic. The company claims that legitimate communications between operators have been taken out of context.
Market Dynamics
Eni asserts that the bio component, which accounts for only a few cents per litre, is unlikely to influence competitive dynamics. The company also highlights that information on price changes was already available to the market.
Impact on Investments
Eni warns that AGCM's decision could negatively affect Italian industrial investments in the energy transition. The company plans to defend its case and reputation in court, referencing a past penalty that was annulled by the Council of State.
