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Italy's Eni, Esso offices raided in antitrust probe over fuel price breaches

MILAN (Reuters) - Italy's antitrust authority said on Monday the offices of several oil companies, including Italy's Eni and Exxon Mobil Corp (NYSE:XOM)'s ESSO Italiana unit,...
Italy's Eni, Esso offices raided in antitrust probe over fuel price breaches © Reuters. FILE PHOTO: Eni's logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini
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MILAN (Reuters) - Italy's antitrust authority said on Monday the offices of several oil companies, including Italy's Eni and Exxon Mobil Corp (NYSE:XOM)'s ESSO Italiana unit, have been searched over alleged fuel price violations.

The authority, which carried out the inspections with the help of Italy's tax police, said it was probing irregularities concerning prices being charged at the pump which were higher than those advertised, as well failures in advertising fuel prices.

Eni, Esso, Italia Petroli, Kuwait Petroleum Italia and Tamoil allegedly failed to adopt appropriate measures "to prevent and counteract this unlawful conduct to the detriment of consumers," the competition watchdog said in a statement.

Eni had no immediate comment, while the other companies involved were not immediately available for a comment.

Fuel prices have taken centre stage in Italy after Prime Minister Giorgia Meloni's executive dropped a costly reduction in excise duties introduced by the previous government when the price of petrol exceeded 2 euros per litre.

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08-06-2023 08:58:41 (UTC+7)

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    USD/JPY 139.93 ↑ Sell  
    AUD/USD 0.6662 ↑ Buy  
    USD/CAD 1.3361 ↑ Sell  
    EUR/JPY 149.83 ↑ Sell  
    EUR/CHF 0.9737 ↑ Sell  
    Gold 1,959.85 Neutral  
    Silver 23.593 Sell  
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    Crude Oil WTI 72.28 ↑ Sell  
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    Natural Gas 2.319 ↑ Sell  
    US Coffee C 186.10 Buy  
    Euro Stoxx 50 4,291.91 ↑ Sell  
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    Small Cap 2000 1,891.11 ↑ Buy  
    IBEX 35 9,359.80 ↑ Sell  
    BASF 46.450 ↑ Buy  
    Bayer 52.13 Neutral  
    Allianz 208.85 Neutral  
    Adidas 159.26 Buy  
    Lufthansa 9.133 ↑ Buy  
    Siemens AG 158.46 ↑ Buy  
    Deutsche Bank AG 9.812 Buy  
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