Italian government seeks Kuwaiti oil group’s help to cap fuel prices
Rome is opening diplomatic talks with the Kuwaiti consortium that controls Q8 to replicate the price-cap approach used by Eni and Socar, while domestic fuel sellers warn of financial strain.
Palazzo Chigi disclosed that diplomatic channels have been activated to gauge the willingness of the Kuwaiti conglomerate that owns Q8 to adopt the same fuel price-cap model that Eni and Socar are following in Italy. Government insiders report positive feedback from Kuwait, suggesting the move could reinforce support for households. Nevertheless, fuel retailers warn that the cap may erode their profitability and have asked Eni for higher reimbursements, calling for urgent talks on economic safeguards.
Transport groups in Sicily have announced a suspension of port operations later in October, and taxi drivers are threatening industrial action, demanding recognition of a professional fuel category. The Italian Confederation of Automobile Owners welcomed the initiative, emphasizing the car’s role as a work tool. Early data show a modest dip in average pump prices, though diesel on highways remains above €2.40 per litre, and broader market pressures on oil and gas persist.
