Italian Regulator Searches Offices of Eni, Others Amid Fuel-Price Probe
January 16 2023 - 10:57AM
Dow Jones News
By Giulia Petroni
Italy's competition watchdog has searched the offices of several
energy companies including Eni SpA and Exxon Mobil Corp's
subsidiary Esso Italiana over alleged fuel-price violations at
petrol stations.
The Italian Competition Authority, or AGCM, said Monday that the
probe concerns discrepancies between advertised prices and prices
being charged at the pump or failures in displaying prices.
Inspections were also carried out at the offices of Italiana
Petroli Spa, Kuwait Petroleum Italia Spa and Tamoil Italia Spa.
The probed companies allegedly failed to take appropriate
measures to prevent and counter these discrepancies "to the
detriment of consumers," the Italian authority said.
Eni said it is cooperating with the authority. "We have already
taken any contractual or operational measures against any improper
behavior," it said in a statement.
Esso Italiana, Italiana Petroli, and Kuwait Petroleum Italia,
and Tamoil Italia weren't immediately available for comment when
contacted by Dow Jones Newswires.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 16, 2023 10:42 ET (15:42 GMT)
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