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Bulgaria anti-trust regulator accuses six petrol retailers of price-fixing cartel

By   /   10/10/2016  /   Comments Off on Bulgaria anti-trust regulator accuses six petrol retailers of price-fixing cartel

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Sofia, October 10, 2016/Independent Balkan News Agency

Bulgaria’s Commission for Protection of Competition (CPC) said on October 10 that it has found evidence of a cartel agreement between six of the country’s largest petrol and diesel fuel retailers.

The accusation comes after an eight-month investigation opened in February, which found that the six companies entered an “illegal agreement and/or concerted practice to exchange price information carry out a joint pricing policy and exchange information about sales volumes and other market information” that was meant to “prevent, restrict and breach competition on the petrol and diesel fuel retail market.”

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This article was first published on: The Sofia Globe

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