Yekaterinburgnefteprodukt and LukoilPermnefteprodukt found guilty of violating competition law
17 July 2008 (11:51)
Yekaterinburgnefteprodukt and LukoilPermnefteprodukt were found guilty of violating the federal legislation on the protection of competition, Sverdlovsk Region’s Federal Antimonopoly Service’s department director Yulia Anisimova said to UrBC.
The two companies have been sued for a price collusion that involved AI 76 (80), AI 95 (96), and diesel fuel. The collusion lasted from January 1, 2007 to March 27, 2008.
‘These are two different organizations, so they work with different oil product suppliers; they have different transportation and storage terms, and so on. This is why they couldn’t have had exactly the same prices for sixteen months. The companies were ordered to stop colluding, otherwise they will have to face administrative liability,’ Yulia Anisimova noted.
The two companies have been sued for a price collusion that involved AI 76 (80), AI 95 (96), and diesel fuel. The collusion lasted from January 1, 2007 to March 27, 2008.
‘These are two different organizations, so they work with different oil product suppliers; they have different transportation and storage terms, and so on. This is why they couldn’t have had exactly the same prices for sixteen months. The companies were ordered to stop colluding, otherwise they will have to face administrative liability,’ Yulia Anisimova noted.
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Other materials on the topic::
- Yekaterinburgnefteprodukt and LukoilPermnefteprodukt to pay fines
- Yekaterinburgnefteprodukt and LukoilPermnefteprodukt might pay 1% to 5% of sales revenues in fines
- Yekaterinburgnefteprodukt and LukoilPermnefteprodukt found guilty of price collusion
- Federal Antimonopoly Service looks into Yekaterinburgnefteprodukt and Lukoil-Permnefteprodukt’s case
- Federal Antimonopoly Service to handle case of Yekaterinburgnefteprodukt and Lukoil-Permnefteprodukt on June 24, 2008