Energy

Eni, Exxon Among Companies Fined in Italy for Price Fixing

A motor fuel pump at a gas station.
Photographer: Akos Stiller/Bloomberg

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By Alberto Brambilla and Flavia Rotondi

September 26, 2025 at 10:33 AM UTC

Updated on

September 26, 2025 at 2:41 PM UTC

Eni SpA and a unit of Exxon Mobil Corp. are among refiners and fuel distributors in Italy that were fined about $1 billion for allegedly fixing prices, which several companies denied.

Italy’s competition watchdog said Eni, Exxon’s Esso unit, IP Group, Kuwait’s Q8, Saras SpA and Tamoil Italia SpA allegedly colluded to set the value of a biofuel component that’s factored into prices.