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Australia: Gas retails deny price-setting collusion

By  |  September 28, 2014

The Australian Competition and Consumer Commission is accusing various retailers of gas price-fixing, but the companies have come out in denial of the allegations.

According to reports, BP, Caltex and the fuel-selling operations of Coles, Woolworths and 7-Eleven have denied the ACCC’s claims that their membership to a third-party website that publishes gas prices every 15 minutes allowed them to collude on oil price setting.

The ACCC has brought claims against the retailers in federal court, say reports.

But the defendants say there is no gas price-fixing involved; according to Coles Express representative Neil Young, retailers have always eyed each others’ costs.

Full content: The Herald

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