UPDATE: Petrom, Others Slapped With EUR205M Fine In Romanian Fuel Probe

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 of around 880 million lei (EUR205 million) for having breached competition laws.

It is the biggest fine ever issued by the Competition Council and the only one of its kind in the European Union, the agency’s head, Bogdan Chiritoiu said in a news conference.

Chiritoiu presented the results of an investigation against six oil companies suspected of having reached an understanding to withdraw a type of fuel from the market back in 2008.