Italy to Meet Refiners on Boosting Domestic Fuel Output

Italy's government is set to hold talks with the country's refiners next month to explore ways of increasing domestic fuel production, as part of efforts to ease prices amid global supply disruptions.

The industry ministry said the meeting will take place on October 8. Industry and energy ministers Adolfo Urso and Gilberto Pichetto Fratin will lead the discussions with representatives from Algeria's Sonatrach, Socar-IP, Iplom, KPI, Alma Petroli, Ludoil, state-controlled Eni, Saras and Innovhub.

The talks will focus on how domestic refineries can raise output of key products to cushion the effects of the current international situation on Italy's supply.

Prime Minister Giorgia Meloni has come under pressure to protect households and businesses from rising energy costs ahead of a general election due in 2027. Her government has spent close to €3 billion ($3.41 billion) this year on temporary cuts to fuel excise duties.

Despite that spending, industry ministry data shows both petrol and diesel prices remain above the €2 threshold.