The Competition Commission of India fines 48 LPG cylinder manufacturers for engaging in bid-rigging in a tender for supply to oil corporation (IOCL)

SUMMARY In tendering for the supply of LPG cylinders to the Indian Oil Corporation Ltd., 48 manufacturers were found by the CCI to have quoted identical or similar rates, and to have bid collectively for particular territories, after reaching an agreement between themselves. The CCI fined each of the parties 7% of their average annual turnover. The case is currently under appeal before the Competition Appellate Tribunal. Background: Whilst investigating an earlier case involving LPG gas cylinders, the Director General (DG) of the Competition Commission of India (CCI) concluded that there were strong indications of an agreement amongst bidders to manipulate the bidding process for LPG cylinders. The CCI took up the case of its own motion and, after concluding that a prima facie case

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Shweta Shroff Chopra, The Competition Commission of India fines 48 LPG cylinder manufacturers for engaging in bid-rigging in a tender for supply to oil corporation (IOCL), 24 February 2012, e-Competitions Bulletin February 2012, Art. N° 57752

Visites 211

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues