The Indian Competition Authority 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 Indian Competition Authority 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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