Bulgaria anti-trust watchdog begins new fuel market analysis

Bulgaria anti-trust watchdog begins new fuel market analysis
Bulgaria’s Commission for Protection of Competition (CPC) said on November 6 that it was starting a sector analysis of the petrol and diesel fuel market, its third in seven years, to ascertain whether recent price hikes were due entirely to market reasons.

The regulator said that its decision was prompted by a complaint that alleged that a particular petrol station in Veliko Turnovo was selling fuels at higher prices than other stations owned by the same retailer elsewhere in the country, as well as a number of recent media reports about fuel price increases throughout Bulgaria.

“Given the social and economic importance of fuels, as well as their direct effect on the entire Bulgarian economy, the Commission is constantly monitoring the publicly available facts and circumstances relevant to the enforcement of the Competition Protection Act,” the regulator said in a statement..... / IBNA

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