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    1. Home
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    3. >Eni and five other oil companies fined by Italian competition watchdog
    Finance

    Eni and Five Other Oil Companies Fined by Italian Competition Watchdog

    Published by Global Banking & Finance Review®

    Posted on September 26, 2025

    2 min read

    Last updated: January 21, 2026

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    Tags:oil and gasCompetitionfinancial penalties

    Quick Summary

    Italy's antitrust regulator fines Eni and five oil companies €936M for cartel practices in fuel pricing, following a whistleblower tip-off.

    Italian Antitrust Authority Fines Eni and Five Oil Firms Over Cartel Practices

    ROME (Reuters) -Italy's antitrust regulator has fined energy group Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel for trucks, the watchdog said on Friday.

    The regulator said that fines totalling more than 936 million euros ($1.09 billion) had been levied against Eni and ExxonMobil-owned Esso, plus Ip, Q8, Saras and Tamoil.

    The companies were found to have operated as a cartel between January 2020 and June 2023 to set the price of the biofuel component contributing to the overall cost of fuel, the watchdog said in a statement. The value of this important price component rose from about 20 euros per cubic metre in 2019 to about 60 euros in 2023, it said.

    The body added that what it described as a "complex investigation" was launched after receiving a tip-off from a whistleblower.

    The authority imposed fines of 336 million euros on Eni, 173 million euros on Q8, 164 million euros on Ip, 129 million euros on Esso, 91 million euros on Tamoil and 44 million euros on Saras.

    Eni and IP did not respond immediately to requests for comment and Reuters was unable to contact the other companies immediately.

    ($1 = 0.8562 euros)

    (Reporting by Gavin JonesEditing by David Goodman)

    Key Takeaways

    • •Italian antitrust fines Eni and five oil firms €936 million.
    • •Companies accused of cartel practices in fuel pricing.
    • •Investigation initiated after a whistleblower tip-off.
    • •Fines range from €44 million to €336 million per company.
    • •Price of biofuel component rose significantly from 2019 to 2023.

    Frequently Asked Questions about Eni and five other oil companies fined by Italian competition watchdog

    1What was the total amount of fines imposed on the companies?

    The total fines levied against Eni and the other oil companies amounted to more than 936 million euros, equivalent to about $1.09 billion.

    2What was the reason for the fines against Eni and other companies?

    The fines were imposed due to practices that restricted fair competition in the sale of fuel for trucks, as the companies were found to have operated as a cartel.

    3How long did the cartel practices last?

    The cartel practices were found to have occurred between January 2020 and June 2023.

    4Who initiated the investigation into the oil companies?

    The investigation was launched by Italy's antitrust regulator after receiving a tip-off from a whistleblower.

    5Which companies were fined along with Eni?

    Along with Eni, the companies fined include ExxonMobil-owned Esso, Ip, Q8, Saras, and Tamoil.

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