Bulgaria anti-trust regulator accuses six petrol retailers of price-fixing cartel

Bulgaria anti-trust regulator accuses six petrol retailers of price-fixing cartel

Sofia, October 10, 2016/Independent Balkan News Agency

Bulgaria’s Commission for Protection of Competition (CPC) said on October 10 that it has found evidence of a cartel agreement between six of the country’s largest petrol and diesel fuel retailers.

The accusation comes after an eight-month investigation opened in February, which found that the six companies entered an “illegal agreement and/or concerted practice to exchange price information carry out a joint pricing policy and exchange information about sales volumes and other market information” that was meant to “prevent, restrict and breach competition on the petrol and diesel fuel retail market.”