The Competition Commission of India validates input prices fixing by state-owned oil marketing companies and oligopsony granted under state’s policies (Indian Oil, Bharat Petroleum, Hindustan Petroleum)

"Though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary" [1] A. BACKGROUND On May 9th, 2012, the Competition Commission of India cleared three Public Sector Undertakings (PSUs) [2] of charges of cartelization and anti-competitive practices alleged by M/s Royal Energy Ltd, (the informant), a manufacturer of bio-diesel. As indicated in the National Policy on Bio-fuels (NBP) the Government aimed at mainstreaming of bio-fuels to increasingly substitute petrol and diesel with an indicative target of 20% blending of bio-fuels by 2017 and to that end, under the Bio-fuel Purchase Policy (BPP) [3] the government authorized oil marketing companies (OMCs) to buy biodiesel

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Harshita Mathur, The Competition Commission of India validates input prices fixing by state-owned oil marketing companies and oligopsony granted under state’s policies (Indian Oil, Bharat Petroleum, Hindustan Petroleum), 9 May 2012, e-Competitions May 2012, Art. N° 49634

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