Competition Council Recommends Differentiated Fines For Fuel Cos After Probe
The Romanian Competition Council's report on the fuel market investigation recommends differentiated fines between companies, the body's president, Bogdan Chiritoiu, said Wednesday.
“The report distinguishes between companies. There are differences between the actions of the companies investigated, and the law says the initiator (of competition violation practices) will be sanctioned more harshly,” Chiritoiu said.
Companies involved in the investigation include OMV Petrom (SNP.RO), Rompetrol, Lukoil and MOL. These companies will have 30 days to express a point of view.
The fuel market investigation started in 2005, and it was refreshed in 2009 when the case team was changed.
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