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Italy's fuel crisis: SOCAR announces price cap at IP stations

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…

  • SOCAR sets fuel price cap at Italiana Petroli stations in Italy.
  • Cap to be introduced gradually, starting with IP-branded network.
  • Company aims to address soaring fuel costs amid market tensions.

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