Anti-trust Watchdog Probes Implementation of Measures Ensuring Competitive Fuel Market Prices

107 ECONOMY – FUEL PRICES – COMPETITION

Anti-trust Watchdog Probes
Implementation of Measures
Ensuring Competitive Fuel Market Prices

Sofia, November 14 (BTA) – The Commission for Protection of Competition (CPC) has found it necessary to check the implementation of the measures approved in 2017 in the form of obligations of fuel producers to guarantee effective competition on the relevant market, CPC said in a press release. The decision comes in the wake of media publications about growing fuel prices at filling stations across many cities.

The obligations undertaken in 2017 also aim to stop the possible emergence of anti-competition issues related to the market’s transparency and the coordination of companies’ market conduct when making strategic decisions in a way that restricts competition.

As a body controlling the implementation of the obligations, the CPC can receive alerts and information from all natural and legal persons, including enterprises, state authorities, local self-government authorities and NGOs.

Parallel to the already launched sectoral analysis of the fuel market, the CPC also applies subsequent control of the comprehensive, precise and timely abidance by the obligations undertaken in March 2017 on the part of Lukoil Bulgaria, Eco Bulgaria, Shell Bulgaria, OMV Bulgaria, NIS Petrol and Petrol, CPC says./LI/BR
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