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Italy punished oil companies with 936 million euros

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Italy punished oil companies with 936 million euros
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The Italian market regulator announced that it was sentenced to a total fine of 936m euros with leading oil companies due to the cartel agreement in determining fuel prices.

The investigation was launched on the basis of a whistleblower, and included the company ENI, ESSO, IP, Q8, Saras and Tamail, while Iplly and Repsol was exempted from sanctions, portal Sole 24 Ore.

According to the statement, Eni was sentenced to ESSO, ESSO from EUR 129.3 million, Q8 with 172.6 million, Saras with 43.8 million, and there will have to pay 91 million euros.

The regulator determined that the Company referred to in January 2020. until 30. June 2023. in 20025 to harmonize the value of the component included in the price of fuel, which is a legally mandatory item.

The value of this component rose from about 20 euros per cubic meter in 2019. in approximately 60 euros in 2023.

The cartel agreement led to parallel and almost identical pricing increases, with the exchange of information among companies, the investigation conclusions are stated.

(Vijesti.ba)


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