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Commenting article: Bulgaria's Competition Watchdog Files Price-Fixing Claim against 6 Fuel Companies

The Competition Protection Commission of Bulgaria (CPC) has accused six petrol and diesel retailers of forming a cartel in the fuels market.

The companies concerned are Lukoil Bulgaria EOOD, Eko Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD, and Petrol AD.

All of them are accused of breaching Article 15 of the Law on Protection of Competition and Article 101 of the Treaty on the Functioning of the European Union.

The entities in question are yet to comment.

The initial probe into suspected price-fixing activities, formally launched in February, included Rompetrol, which is not in the current list of companies the CPC believes are part of the cartel agreement.

The probe was launched after the CPC adopted a sector analysis which showed that they had kept their prices at high levels for long periods of time and failed to react in a timely and adequate manner to decreases in wholesale price and production prices, “which could be the result of anti-competition practices  - cartel agreements”, according to the statement.

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#1
Ivailo Ivanov - 17 Oct 2016 // 20:00:22

The cartel is so obvious that it is stupid even to question it..it is also absolutely obvious that nothing will be don... one small but good step will be to release the pressure on the small village gas stations and to allow them to sell gas to the poorest layer of the society..those that are using gas bottle for cooking.... many old people cant afford other energy for cooking. It is highly immoral to deny this cheap energy to them... which is happening at the moment.

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