The Competition Council is investigating the existence of a cartel agreement during the latest increase in prices for petroleum products in Moldova

The Competition Council is investigating the existence of a cartel agreement during the latest increase in prices for petroleum products in Moldova

This Competition Council reported this, noting that it took note of the recent rise in prices for gasoline and diesel fuel. “We are concerned that this increase occurred simultaneously in many oil companies, which raises doubts that they acted independently. Thus, the Competition Council launched an investigation to determine if there was a cartel agreement in this case,” the CC said. It stresses that during the investigation, the CC uses all the tools provided by the Competition Law - art. 54, 56 and 57 in order to establish the violations under Art. 5 and Art. 7 of the indicated law. At the same time, the institution cooperates with other competent authorities to clarify the circumstances. It is emphasized that the Competition Council is open to receive any information that could clarify the circumstances of the case. It should be noted that the majority of gas stations have recently increased the price of gasoline and diesel fuel by an average of 1-1.1 lei, or more than 5%. Experts explain the increase in prices for petroleum products by the increase in the cost of oil on the international market and the increase in the import value of fuel. The price of the most demanded “Premium-95” gasoline at gas stations is now 19.45-19.47 lei, and diesel fuel – 17.45-17.47 lei per liter. // 17.05.2019 - InfoMarket.

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