EU summit will not decide on gas price cap: European Commissioner for Economy

European leaders, who will convene in Brussels on Monday and Tuesday for an EU summit, will not decide on imposing a cap on gas prices but could mandate the Commission to study the issue, the European Commissioner for Economy said.

"If this is agreed among member states, the Commission will act very quickly to analyse this possibility," Paolo Gentiloni told reporters at the Foreign Press Association in Rome, adding it would be difficult to make any predictions regarding the timing of a possible decision.