The Cypriot Competition Authority finds four oil companies violated competition rules and imposes millions in fines (Retail fuel market of Cyprus)

The Cyprus Commission for the Protection of Competition (CPC) issued its long-awaited decisions in connection to the investigation it carried into the retail fuel market of Cyprus. The investigation concerned the respective violations of national competition legislation on behalf of the four main Cypriot oil companies, namely ExxonMobil Cyprus Ltd (Exxon), Petrolina (Holdings) Public Ltd (Petrolina), Hellenic Petroleum Cyprus Ltd (Hellenic Petroleum) and Lukoil Cyprus Ltd (Lukoil). The said undertakings were subjected to an investigation by the CPC which had initially commenced on 20/10/2005 and that eventually led to the proceedings and Decisions examined herein. The allegation against all of the said undertakings had been the infringement of s. 3(1)(a) of the Protection of

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Anastasios A. Antoniou, The Cypriot Competition Authority finds four oil companies violated competition rules and imposes millions in fines (Retail fuel market of Cyprus), 24 September 2009, e-Competitions September 2009, Art. N° 30035

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