ANSA 09/27/2025

ANSA - Antitrust fines six oil firms almost 1 bn for forming cartel

Eni, Esso, IP, Iplom, Q8, Saras and Tamoil fined 936 mn euros

Italy's Antitrust authority said Friday that it has fined six oil firms, Eni, Esso, Ip, Iplom, Q8, Saras and Tamoil, a total of over 936 million euros for forming a cartel in relation to the sale of motor fuel here.
    The authority said an investigation it launched following a whistleblower's complaint found that the companies "implemented parallel price increases - largely coinciding - which were driven by direct or indirect information exchanges among them".
    It said the cartel began on January 1, 2020, and continued until June 30, 2023.
    The 336,214,660-euro fine on Italian energy giant Eni was the biggest.

 


   

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