The Ukrainian Competition Authority issues a €7 million fine on seven alleged road fuel cartelists (Fuel Cartel)

Antimonopoly Committee of Ukraine - What is behind EUR 7 million fine on seven alleged road fuel cartelists?* On 28 October 2016, the Antimonopoly Committee of Ukraine (AMC) fined seven companies, including Shell and SOCAR, a total of approx. EUR 7 million for alleged concerted practices. The AMC decision comes after investigation finding that the road fuel companies were tacitly coordinating prices from 2013 to 2016. The allegations base on ‘parallel behaviour’ observed during the said period, which, in the AMC’s view, was not justified by cost or other market-driven factors. In particular, it follows from the decision that the collusive conduct was twofold: simultaneity or near-simultaneity of price changes on petrol stations displays; ‘tangled’ discount plans limiting the ability of

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Oleksandr Voznyuk, Sergiy Glushchenko, The Ukrainian Competition Authority issues a €7 million fine on seven alleged road fuel cartelists (Fuel Cartel), 28 October 2016, e-Competitions October 2016, Art. N° 83394

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