A PYMNTS Company

CCI clears oil marketing firms of cartel charges

By  |  May 21, 2012

The Competition Commission of India has cleared oil marketing firms BPCL, HPCL, and IOC of price-fixing charges. Royal Energy had filed a complaint with the antitrust regulator, alleging that the three companies were engaged in a cartel to purchase bio-diesel at lower prices, instead of at the pre-determined rate. CCI ruled that since the government sets the price of diesel, the oil marketing companies cannot be forced to buy bio-diesel at prices that are higher than the price of the end product.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Economic Times

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: Competition Commission of India’s Trysts with Law and Policy: Enforcement One Year On (Pallavi Shroff & Harman Sandhu, Amarchand & Mangaldas & Suresh A Shroff & Co)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.