In a landmark decision, Italy's antitrust regulator has imposed hefty fines on energy giant Eni and five other oil companies operating within the nation. The penalties, totaling more than €936 million ($1.1 billion), were announced following findings that these companies engaged in anti-competitive practices in the sale of motor fuel.

According to the watchdog, between January 2020 and June 2023, Eni, Esso, Italiana Petroli (IP), Q8, Saras, and Tamoil coordinated as a cartel to set the price of a critical biofuel component. This move resulted in the price of the component soaring from €20 per cubic metre in 2019 to €60 in 2023.

Despite the regulator's conclusions, Eni and other implicated companies have strongly rejected the allegations, with Eni stating that the charge misrepresents the

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