Chigi: Also Q8 available to extend the roof at fuel price. That does not apply to tyres

Q8 has announced it will extend its fuel price ceiling for gasoline and diesel until the end of the year. The decision follows a bilateral meeting in Kuwait City last Friday between Italian Prime Minister Giorgia Meloni and Emir Sheikh Misha’al Al-Ahmad Al-Jaber Al Sabah. During the brief visit, the two leaders discussed extending measures adopted by the Kuwaiti oil company in Italy. According to the prime minister, the goal is to contain energy costs and protect families and businesses. Palazzo Chigi described the Emir’s willingness as a concrete signal of the solidity of relations between Italy and Kuwait, highlighting the government’s ability to promote constructive dialogue with strategic partners. Eni was the first to introduce a price cap at the end of September, after which other companies followed suit. On Friday, the group led by CEO Claudio Descalzi confirmed that its price cap would remain in effect through year-end. Simultaneously, Q8 expressed its availability to prolong the limit. Current caps set by Eni stand at 1.99 euros per liter for gasoline and 2.25 euros for diesel. However, Descalzi noted that these levels could be revised based on market trends and supply conditions. Unlike Eni, Q8 did not impose a fixed national ceiling from the start. Instead, the company adapts prices according to the different realities within its distribution system. In a sparse statement, Q8 stated it intends to provide a concrete contribution in response to government requests. The company aims to combine consumer support with a responsible approach that considers market evolution and the economic sustainability of the entire supply chain. Q8 specified that the initiative will continue using a modular approach. This method accounts for the various operational models present in its distribution network. The company will continue providing adequate support to operators and partners to ensure the sector's financial viability. It reserved the right to define application methods while monitoring market developments and procurement conditions. These terms echo language used in late September when Q8 introduced its initial cap starting October 1, 2026, for a duration of 30 days. According to recent data from the Ministry of Enterprises and Made in Italy Observatory, the average national self-service price on Saturday, October 24, was 2.020 euros per liter for gasoline and 2.261 euros for diesel. Highway prices were higher, reaching 2.042 euros and 2.301 euros respectively. The price cap does not resolve issues faced by truck drivers who recently halted half of Italy to protest high fuel costs. Most transporters purchase fuel off-network at wholesale rates. Currently, quotes on this channel exceed those in standard distribution circuits.