Rompetrol Group To Challenge Antitrust Fine In Court
Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal and unfounded.
The company issued a news release saying it was surprised to take note of the regulator’s decision in connection with the withdrawal of Premium E4 gasoline from the market. The investigation report’s conclusions are seen as “entirely unjustified and unproven”.
Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (EUR205 million) for having breached competition laws.
Although it did not attend talks between companies, Rompetrol was fined “because it knew what the others are doing, and acted accordingly”.
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