The Hellenic Competition Commission imposes measures on the petroleum industry aimed at restoring effective competition (Greek Petroleum and Motor Oil / Hellas / Corinth Refineries)

Background On 27 August 2008, the Hellenic Competition Commission (HCC) launched a series of public consultations on proposed measures which would restore effective competition in the Greek Petroleum Industry. A summary of views submitted during the consultation process was published on 13 October 2008. The Commission's final decision implementing measures under Article 5 of n° 703/77 [1] was published on 12 November 2008. The perceived lack of competition in the Greek petroleum market (both for petrol and heating fuel) has for some years led to public pressure for the regulator to intervene. Most recently, prices at the pump were increased in line with the high international oil prices witnessed in the Spring of 2008, yet failed to

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  • University of East Anglia

Quotation

Andreas Stephan, The Hellenic Competition Commission imposes measures on the petroleum industry aimed at restoring effective competition (Greek Petroleum and Motor Oil / Hellas / Corinth Refineries), 12 November 2008, e-Competitions Bulletin November 2008, Art. N° 23832

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