UPDATE: Competition Authorities Recommend Fines In Fuel Market Probe Report

The Romanian Competition Council will present next week the results of its fuel market investigation, recommending fines that are below the 10% of turnover ceiling, the authority’s president Bogdan Chiritoiu said Thursday.

“Next week, we will announce the results of the fuel market investigation,” Chiritoiu told a news conference.

The Competition Council is investigating the six largest oil companies in Romania, namely OMV, OMV Petrom (SNP.RO), Rompetrol, MOL, Agip and Lukoil, suspecting they have agreed among each other to stop selling a certain type of gasoline.