{"id":2166879,"date":"2026-09-27T15:55:39","date_gmt":"2026-09-27T12:55:39","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2166879"},"modified":"2026-09-27T15:55:39","modified_gmt":"2026-09-27T12:55:39","slug":"italys-fuel-crisis-socar-announces-price-cap-at-ip-stations","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2166879","title":{"rendered":"Italy&#8217;s fuel crisis: SOCAR announces price cap at IP stations"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/95\/1200x675_cmsv2_3249471c-78c6-51c4-a4ac-310c789424ea-9929695.jpg&#8221;]<\/p>\n<article id=\"abe-2929105-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2929105\" data-cid=\"9929826\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929105-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/98\/26\/189x106_cmsv2_ffd36db2-3b84-57ca-b8fa-2a5ca872da94-9929826.jpg\" loading=\"lazy\" alt=\"A man sleeps as protesters camp during a protest following the eviction last Wednesday of 87-year-old Maricarmen to demand stronger laws to protect renters.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Watch: mass Madrid protests over Maricarmen eviction and housing crisis\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929075-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2929075\" data-cid=\"9929712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929075-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/97\/12\/189x106_cmsv2_2b27fa7c-c01f-5c52-965a-c03177415fa7-9929712.jpg\" loading=\"lazy\" alt=\"Protesters block the Garvaghy road ahead of a Portadown District Loyal Orange Lodge (LOL) No 1 march in the first parade for almost 30 years\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Northern Ireland: 2,000 protesters block disputed Portadown march\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929055-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2929055\" data-cid=\"9929734\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929055-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/31\/189x106_cmsv2_308ccd92-1383-5456-87c7-bf27fcf41e9b-9929631.jpg\" loading=\"lazy\" alt=\"The demonstration filled Puerta del Sol in Madrid.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    S\u00e1nchez vows housing decree amid outrage over Maricarmen eviction\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929069-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2929069\" data-cid=\"9929796\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929069-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/94\/189x106_cmsv2_6cee72b8-ea3c-5fde-9a93-9ad2908d8fb0-9929694.jpg\" loading=\"lazy\" alt=\"Poster for the neutrality initiative in Switzerland, which failed this Sunday\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    How neutral should Switzerland be? Voters deliver decisive verdict\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929105-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2929105\" data-cid=\"9929826\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929105-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/98\/26\/189x106_cmsv2_ffd36db2-3b84-57ca-b8fa-2a5ca872da94-9929826.jpg\" loading=\"lazy\" alt=\"A man sleeps as protesters camp during a protest following the eviction last Wednesday of 87-year-old Maricarmen to demand stronger laws to protect renters.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Watch: mass Madrid protests over Maricarmen eviction and housing crisis\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929075-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2929075\" data-cid=\"9929712\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929075-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/97\/12\/189x106_cmsv2_2b27fa7c-c01f-5c52-965a-c03177415fa7-9929712.jpg\" loading=\"lazy\" alt=\"Protesters block the Garvaghy road ahead of a Portadown District Loyal Orange Lodge (LOL) No 1 march in the first parade for almost 30 years\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Northern Ireland: 2,000 protesters block disputed Portadown march\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929055-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2929055\" data-cid=\"9929734\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929055-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/31\/189x106_cmsv2_308ccd92-1383-5456-87c7-bf27fcf41e9b-9929631.jpg\" loading=\"lazy\" alt=\"The demonstration filled Puerta del Sol in Madrid.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    S\u00e1nchez vows housing decree amid outrage over Maricarmen eviction\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2929069-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2929069\" data-cid=\"9929796\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929069-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/94\/189x106_cmsv2_6cee72b8-ea3c-5fde-9a93-9ad2908d8fb0-9929694.jpg\" loading=\"lazy\" alt=\"Poster for the neutrality initiative in Switzerland, which failed this Sunday\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    How neutral should Switzerland be? Voters deliver decisive verdict\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Italy&#8217;s fuel crisis: SOCAR announces price cap at IP stations<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/95\/1536x864_cmsv2_3249471c-78c6-51c4-a4ac-310c789424ea-9929695.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Petrol pump in Italy - archive\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Petrol station in Italy &#8211; file photo<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\"> GREGORIO BORGIA\/AP2001<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0 GREGORIO BORGIA\/AP2001\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspStefania De Michele\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1790524539\">\n                    Published on                 <time datetime=\"2026-09-27 17:55:39 +02:00\">27\/09\/2026 &#8211; 17:55 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"18:03\">18:03<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer js-c-article-share-comment-close\" loading=\"lazy\"><\/div>\n<div class=\"c-article-share-comment-popup__content u-display-flex\">\n<div id=\"share-comment-popup-content-container\" class=\"c-article-share-comment-popup__content__container u-display-flex\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-facebook.svg\" width=\"24\" height=\"24\" alt=\"facebook\" loading=\"lazy\"><span>Facebook<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-facebook.svg\" width=\"48\" height=\"48\" alt=\"facebook\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-twitter.svg\" width=\"24\" height=\"24\" alt=\"twitter\" loading=\"lazy\"><span>Twitter<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-twitter.svg\" width=\"48\" height=\"48\" alt=\"twitter\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-flipboard.svg\" width=\"24\" height=\"24\" alt=\"flipboard\" loading=\"lazy\"><span>Flipboard<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-flipboard.svg\" width=\"48\" height=\"48\" alt=\"flipboard\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-send.svg\" width=\"24\" height=\"24\" alt=\"send\" loading=\"lazy\"><span>Send<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-send.svg\" width=\"48\" height=\"48\" alt=\"send\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-reddit.svg\" width=\"24\" height=\"24\" alt=\"reddit\" loading=\"lazy\"><span>Reddit<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-reddit.svg\" width=\"48\" height=\"48\" alt=\"reddit\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-linkedin.svg\" width=\"24\" height=\"24\" alt=\"linkedin\" loading=\"lazy\"><span>Linkedin<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-linkedin.svg\" width=\"48\" height=\"48\" alt=\"linkedin\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-messenger.svg\" width=\"24\" height=\"24\" alt=\"messenger\" loading=\"lazy\"><span>Messenger<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-messenger.svg\" width=\"48\" height=\"48\" alt=\"messenger\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"24\" height=\"24\" alt=\"telegram\" loading=\"lazy\"><span>Telegram<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"48\" height=\"48\" alt=\"telegram\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"24\" height=\"24\" alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        State-owned Azerbaijani group SOCAR is introducing a gradual price cap on the IP network after buying Italiana Petroli; from Monday a maximum price for petrol and diesel will also apply at ENI filling stations.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>SOCAR is introducing a cap on petrol and diesel prices across the Italiana Petroli (IP) network. The Azerbaijani state energy company, which took control of the Italian group last May, has decided to tackle soaring fuel costs by setting a limit on the prices charged by filling stations.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The mechanism will be rolled out gradually, starting with the IP-branded network. <strong>SOCAR has not yet specified what the maximum price at the pump will be<\/strong>: in a statement released on Sunday it explains that the level of the cap will be set taking into account different needs and the economic sustainability of the supply chain.<\/p>\n<p>The company also plans to explore ways to <strong>extend the mechanism to Esso-branded stations<\/strong> and to other operators that purchase fuel from IP and distribute it under their own brands.<\/p>\n<h2>Pressure on prices and company action<\/h2>\n<p>SOCAR&#8217;s measure comes against a backdrop of severe tensions over pump prices. The <strong>Ministry for Business and Made in Italy (MIMIT)<\/strong> publishes national averages every day, while the prices actually charged by individual filling stations are collected through the Fuel Prices Observatory.<\/p>\n<p>The issue concerns <strong>diesel<\/strong> in particular, whose price has continued to be affected by tensions on energy markets and disruption along supply chains.<\/p>\n<p>SOCAR is not the only major company to have announced action on prices: <strong>ENI has also introduced a price-cap mechanism on its own network<\/strong>, in a context in which the government has asked operators to help limit the impact of high fuel costs on households and businesses.<\/p>\n<p>What makes SOCAR&#8217;s move different is that it comes just a few months after the acquisition of IP and therefore also marks one of the first signs of the Azerbaijani group&#8217;s new strategy in the Italian market.<\/p>\n<p>Italian Foreign Minister Antonio Tajani has welcomed SOCAR&#8217;s decision to introduce a price ceiling, recalling that he had asked the company to intervene on prices at the beginning of September.<\/p>\n<h2>SOCAR, Azerbaijan&#8217;s state oil company<\/h2>\n<p><strong>SOCAR is the State Oil Company of the Republic of Azerbaijan, the country&#8217;s state-owned oil firm<\/strong>. The group operates across several stages of the energy chain, from oil and gas production to refining, logistics and marketing.<\/p>\n<p>Its presence in Italy was strengthened in 2026 with the acquisition of Italiana Petroli, the group that owns the IP network. The deal was finalised on 8 May, when SOCAR bought 99.82 per cent of IP&#8217;s share capital from API Holding.<\/p>\n<p><strong>IP has a widespread presence across Italian territory<\/strong> and operates an integrated system that includes refining, storage and distribution activities. SOCAR&#8217;s entry has therefore brought one of Italy&#8217;s main fuel retail networks under the Azerbaijani group&#8217;s control.<\/p>\n<h2>Fuel prices on 27 September<\/h2>\n<p>The announcement from the Azerbaijani company comes as fuel prices remain at high levels. According to the latest figures from the <strong>Fuel Prices Observatory of the Ministry for Business and Made in Italy<\/strong> (MIMIT), today, Sunday 27 September, the national average price in self-service mode on the road network is 2.159 euros per litre for petrol and 2.377 euros for diesel.<\/p>\n<p>On the motorway network the average rises to 2.254 euros per litre for petrol and 2.459 euros for diesel. MIMIT calculates the national averages on the basis of prices reported by retailers and updates the data daily.<\/p>\n<p>The figure for diesel is particularly striking: on the motorway network the average price is now approaching 2.50 euros per litre.<\/p>\n<h2>The price cap will start on the IP network<\/h2>\n<p>The new mechanism announced by SOCAR will initially be applied to IP-branded filling stations. The company says it wants to <strong>support operators and network managers, in other words those who run the sites<\/strong>, while taking into account the need to keep the entire supply chain in balance.<\/p>\n<p>The Azerbaijani company explains that the maximum price will be set according to different needs, with the stated aim of <strong>ensuring the continuity of the supply chain and supporting households and businesses<\/strong> at a time of particularly high prices.<\/p>\n<p>The company will then examine how to extend the system to Esso stations and to other operators that source fuel from IP. Any extension could therefore cover a broader network than the sites directly linked to the IP brand.<\/p>\n<h2>SOCAR and its relationship with Italy<\/h2>\n<p>The intervention on fuel prices also comes as SOCAR strengthens its ties with Italy beyond the energy sector.<\/p>\n<p>The Azerbaijani company has in fact formalised a <strong>strategic partnership with the Italian Football Federation (FIGC).<\/strong><\/p>\n<p>The decision to introduce a cap on petrol and diesel prices across the Italiana Petroli network &#8220;confirms SOCAR&#8217;s closeness to Italy, at a time when the Azerbaijani company is formalising a strategic partnership with the Italian Football Federation (FIGC), becoming the global energy partner of the men&#8217;s and women&#8217;s national football teams from 1 January 2027 to 31 December 2030, with the possibility of an extension for a further two years&#8221;, the company said in a statement.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2928549-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2928549\" data-cid=\"9927827\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928549-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/74\/89\/480x270_cmsv2_233fa158-2436-52ef-95cc-3efbf7303453-9927489.jpg\" loading=\"lazy\" alt=\"The fuel crisis is hitting small businesses in the French countryside.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Small businesses in France bears brunt of energy crisis<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2929070-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2929070\" data-cid=\"9929764\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929070-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/95\/480x270_cmsv2_3249471c-78c6-51c4-a4ac-310c789424ea-9929695.jpg\" loading=\"lazy\" alt=\"Petrol pump in Italy - archive\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Italy&#8217;s fuel crisis: SOCAR announces price cap at IP stations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928643-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928643-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/79\/38\/480x270_cmsv2_5844e4cd-a301-507d-a587-7f4877b10f53-9927938.jpg\" loading=\"lazy\" alt=\"File - Handout photo provided by the Norwegian EV Association showing electric cars parked outside shops.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Fuel<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  prices<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Azerbaijan<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2928576-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928576\" data-cid=\"9927664\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928576-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/76\/64\/320x180_cmsv2_7f800667-af28-5923-aca6-948f72e18f09-9927664.jpg\" loading=\"lazy\" alt=\"File - A customer wearing a face mask waits to buy vegetables at the Maravillas market in Madrid, Thursday, 12 May 2022.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Have minimum wages kept up with food prices in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2928643-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928643-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/79\/38\/320x180_cmsv2_5844e4cd-a301-507d-a587-7f4877b10f53-9927938.jpg\" loading=\"lazy\" alt=\"File - Handout photo provided by the Norwegian EV Association showing electric cars parked outside shops.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2928580-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2928580\" data-cid=\"9927683\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928580-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/76\/83\/320x180_cmsv2_76d02905-3485-5209-b2ce-a5e961a64a75-9927683.jpg\" loading=\"lazy\" alt=\"FILE \u2013 Workers assemble Volkswagen Golf cars at the company\u2019s plant in Zwickau, Germany, on 22 January 2018.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Over 2.8 million Audi and Volkswagen vehicles face recall worldwide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2928554-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928554\" data-cid=\"9927530\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928554-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/75\/30\/320x180_cmsv2_f94ad363-957c-5efb-9711-bfd6f4e688b7-9927530.jpg\" loading=\"lazy\" alt=\"FILE. Screens display a news conference held by Federal Reserve chairman Kevin Warsh on the floor of the New York Stock Exchange, 16 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European bond yields ease after brutal sell-off as US mortgages hit 7%<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2928335-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928335\" data-cid=\"9926304\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928335-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/63\/04\/320x180_cmsv2_1d4808de-444a-5d6d-a8ce-098756a11c74-9926304.jpg\" loading=\"lazy\" alt=\"A protestor throws fake money into the air as she relaxes on a deckchair in an interactive, tropical tax haven beach in Trafalgar Square in London, Thursday, May 12, 2016.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Germany ranks last for expat tax conditions in global index<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2928580-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2928580\" data-cid=\"9927683\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Over 2.8 million Audi and Volkswagen vehicles face recall worldwide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2927595-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927595\" data-cid=\"9922404\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    AMD joins trillion-dollar chipmaker club as AI demand surges<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2928576-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2928576\" data-cid=\"9927664\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Have minimum wages kept up with food prices in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2928643-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2924112-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2924112\" data-cid=\"9906004\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai launches Agentic AI training drive for 14,000 businesses<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2928549-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2928549\" data-cid=\"9927827\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928549-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/74\/89\/480x270_cmsv2_233fa158-2436-52ef-95cc-3efbf7303453-9927489.jpg\" loading=\"lazy\" alt=\"The fuel crisis is hitting small businesses in the French countryside.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Small businesses in France bears brunt of energy crisis<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2929070-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2929070\" data-cid=\"9929764\" data-part-label=\"Partner content\">\n<figure id=\"abe-2929070-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/95\/480x270_cmsv2_3249471c-78c6-51c4-a4ac-310c789424ea-9929695.jpg\" loading=\"lazy\" alt=\"Petrol pump in Italy - archive\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Italy&#8217;s fuel crisis: SOCAR announces price cap at IP stations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928643-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928643-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/79\/38\/480x270_cmsv2_5844e4cd-a301-507d-a587-7f4877b10f53-9927938.jpg\" loading=\"lazy\" alt=\"File - Handout photo provided by the Norwegian EV Association showing electric cars parked outside shops.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928576-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928576\" data-cid=\"9927664\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928576-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/76\/64\/320x180_cmsv2_7f800667-af28-5923-aca6-948f72e18f09-9927664.jpg\" loading=\"lazy\" alt=\"File - A customer wearing a face mask waits to buy vegetables at the Maravillas market in Madrid, Thursday, 12 May 2022.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Have minimum wages kept up with food prices in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928643-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928643-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/79\/38\/320x180_cmsv2_5844e4cd-a301-507d-a587-7f4877b10f53-9927938.jpg\" loading=\"lazy\" alt=\"File - Handout photo provided by the Norwegian EV Association showing electric cars parked outside shops.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928580-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2928580\" data-cid=\"9927683\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928580-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/76\/83\/320x180_cmsv2_76d02905-3485-5209-b2ce-a5e961a64a75-9927683.jpg\" loading=\"lazy\" alt=\"FILE \u2013 Workers assemble Volkswagen Golf cars at the company\u2019s plant in Zwickau, Germany, on 22 January 2018.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Over 2.8 million Audi and Volkswagen vehicles face recall worldwide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928554-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928554\" data-cid=\"9927530\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928554-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/75\/30\/320x180_cmsv2_f94ad363-957c-5efb-9711-bfd6f4e688b7-9927530.jpg\" loading=\"lazy\" alt=\"FILE. Screens display a news conference held by Federal Reserve chairman Kevin Warsh on the floor of the New York Stock Exchange, 16 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European bond yields ease after brutal sell-off as US mortgages hit 7%<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928335-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2928335\" data-cid=\"9926304\" data-part-label=\"Partner content\">\n<figure id=\"abe-2928335-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/63\/04\/320x180_cmsv2_1d4808de-444a-5d6d-a8ce-098756a11c74-9926304.jpg\" loading=\"lazy\" alt=\"A protestor throws fake money into the air as she relaxes on a deckchair in an interactive, tropical tax haven beach in Trafalgar Square in London, Thursday, May 12, 2016.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Germany ranks last for expat tax conditions in global index<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928580-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2928580\" data-cid=\"9927683\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Over 2.8 million Audi and Volkswagen vehicles face recall worldwide<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927595-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2927595\" data-cid=\"9922404\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    AMD joins trillion-dollar chipmaker club as AI demand surges<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928576-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2928576\" data-cid=\"9927664\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Have minimum wages kept up with food prices in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2928643-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2928643\" data-cid=\"9927938\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Norwegians are buying more Chinese EVs despite growing scepticism<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2924112-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2924112\" data-cid=\"9906004\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai launches Agentic AI training drive for 14,000 businesses<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">SOCAR is introducing a cap on petrol and diesel prices across the Italiana Petroli (IP) network. The Azerbaijani state energy company, which took control of the Italian group last May, has decided to tackle soaring fuel costs by setting a limit on the prices charged by filling stations.The mechanism will be rolled out gradually, starting with the IP-branded network. SOCAR has not yet specified what the maximum price at the pump will be: in a statement released on Sunday it explains that the level of the cap will be set taking into account different needs and the economic sustainability of the supply chain.The company also plans to explore ways to extend the mechanism to Esso-branded stations and to other operators that purchase fuel from IP and distribute it under their own brands.Pressure on prices and company actionSOCAR&#8217;s measure comes against a backdrop of severe tensions over pump prices. The Ministry for Business and Made in Italy (MIMIT) publishes national averages every day, while the prices actually charged by individual filling stations are collected through the Fuel Prices Observatory.The issue concerns diesel in particular, whose price has continued to be affected by tensions on energy markets and disruption along supply chains.SOCAR is not the only major company to have announced action on prices: ENI has also introduced a price-cap mechanism on its own network, in a context in which the government has asked operators to help limit the impact of high fuel costs on households and businesses.What makes SOCAR&#8217;s move different is that it comes just a few months after the acquisition of IP and therefore also marks one of the first signs of the Azerbaijani group&#8217;s new strategy in the Italian market.Italian Foreign Minister Antonio Tajani has welcomed SOCAR&#8217;s decision to introduce a price ceiling, recalling that he had asked the company to intervene on prices at the beginning of September.SOCAR, Azerbaijan&#8217;s state oil companySOCAR is the State Oil Company of the Republic of Azerbaijan, the country&#8217;s state-owned oil firm. The group operates across several stages of the energy chain, from oil and gas production to refining, logistics and marketing.Its presence in Italy was strengthened in 2026 with the acquisition of Italiana Petroli, the group that owns the IP network. The deal was finalised on 8 May, when SOCAR bought 99.82 per cent of IP&#8217;s share capital from API Holding.IP has a widespread presence across Italian territory and operates an integrated system that includes refining, storage and distribution activities. SOCAR&#8217;s entry has therefore brought one of Italy&#8217;s main fuel retail networks under the Azerbaijani group&#8217;s control.Fuel prices on 27 SeptemberThe announcement from the Azerbaijani company comes as fuel prices remain at high levels. According to the latest figures from the Fuel Prices Observatory of the Ministry for Business and Made in Italy (MIMIT), today, Sunday 27 September, the national average price in self-service mode on the road network is 2.159 euros per litre for petrol and 2.377 euros for diesel.On the motorway network the average rises to 2.254 euros per litre for petrol and 2.459 euros for diesel. MIMIT calculates the national averages on the basis of prices reported by retailers and updates the data daily.The figure for diesel is particularly striking: on the motorway network the average price is now approaching 2.50 euros per litre.The price cap will start on the IP networkThe new mechanism announced by SOCAR will initially be applied to IP-branded filling stations. The company says it wants to support operators and network managers, in other words those who run the sites, while taking into account the need to keep the entire supply chain in balance.The Azerbaijani company explains that the maximum price will be set according to different needs, with the stated aim of ensuring the continuity of the supply chain and supporting households and businesses at a time of particularly high prices.The company will then examine how to extend the system to Esso stations and to other operators that source fuel from IP. Any extension could therefore cover a broader network than the sites directly linked to the IP brand.SOCAR and its relationship with ItalyThe intervention on fuel prices also comes as SOCAR strengthens its ties with Italy beyond the energy sector.The Azerbaijani company has in fact formalised a strategic partnership with the Italian Football Federation (FIGC).The decision to introduce a cap on petrol and diesel prices across the Italiana Petroli network &#8220;confirms SOCAR&#8217;s closeness to Italy, at a time when the Azerbaijani company is formalising a strategic partnership with the Italian Football Federation (FIGC), becoming the global energy partner of the men&#8217;s and women&#8217;s national football teams from 1 January 2027 to 31 December 2030, with the possibility of an extension for a further two years&#8221;, the company said in a statement.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/09\/27\/fuel-price-surge-in-italy-socar-steps-in-price-cap-on-ip-network&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/96\/95\/1200x675_cmsv2_3249471c-78c6-51c4-a4ac-310c789424ea-9929695.jpg&#8221;] No Comment Watch: mass Madrid protests over Maricarmen eviction and housing crisis No Comment Northern Ireland: 2,000 protesters block disputed Portadown march Europe News S\u00e1nchez vows housing decree amid outrage over Maricarmen eviction Europe News How neutral should Switzerland be? Voters deliver decisive verdict No Comment Watch: mass Madrid protests over Maricarmen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2166879","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2166879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2166879"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2166879\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2166879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2166879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2166879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}