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CCI eyes coordination between state-owned oil marketing companies

 |  June 14, 2012

The Competition Commission of India (CCI) is eyeing recent price coordination by state-owned oil marketing companies. The three companies are Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum. The CCI has observed that in the past, the companies had staggered changes to fuel prices. Yet lately, the price revisions have been implemented by the companies on the same day.

In response, the CCI will write to the companies soon, reports the Business Standard.

Full content: Business Standard


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