Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Commission for Protection of Competition files cartel claims against fuel companies

Photo: BGNES

The Commission for Protection of Competition has filed cartel claims against six petrol and diesel retail companies-Lukoil Bulgaria EOOD, Eco Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD and Petrol AD. Based on inspections and analyses, CPC believes that the actions of the abovementioned companies were “violation consisting of prohibited agreement and/or coordinated practice of exchange of pricing information and conducting a common price policy and exchange of information on sales volumes and of other market information for the purposes of pricing cooperation aimed at restricting, preventing and violating the competition on the market of diesel and petrol in Bulgaria”. Theoretically, if the Commission for Protection of Competition manages to prove the existence of a cartel in court, each company may be fined with up to 10% of its annual turnover. In 2015 the total turnover in that sector amounted to just over EUR 3 billion, Capital daily comments.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Migrating wild boars spread African swine fever in Europe

Over 1/3 of the cases of African swine fever among wild boars in Europe have been registered in Bulgaria , the Association of Pig Breeders reports. In the last week of October, 201 cases of the disease among wild boars were detected..

published on 11/4/24 10:42 AM
Elena Yoncheva

Delyan Peevski wants Elena Yoncheva to receive mandate for negotiations with the Houthis in Yemen

The leader of "DPS-New Beginning" Delyan Peevski has called on the caretaker government and all responsible institutions, including the parliament, to give MEP Elena Yoncheva a mandate to negotiate for the release of the captured..

published on 11/4/24 9:29 AM

Bulgarian Vice President opens exhibition dedicated to ancient Thrace in Getty Museum

God has gifted people with an incredible quality - to dream. And we dreamt of hearing Bulgarian in the Getty Museum during the opening of an incredible exhibition. An exhibition dedicated to an ancient people, an exhibition that..

published on 11/4/24 8:47 AM