Cofece Imposes Over 437 Million Peso Fine on Gas Stations for Price Manipulation
![](https://www.pymnts.com/wp-content/uploads/2023/12/ZilBank-Mexico-US.jpg)
The Federal Economic Competition Commission (Cofece) has imposed fines totaling 437,911,146 pesos on 52 gas stations, the Mexican Association of Gas Businessmen (Amegas), and 18 executives for manipulating gasoline prices, harming consumers over a span of several years.
The illegal activities occurred between 2014 and 2021, during which the sanctioned parties conspired to fix prices of regular and premium gasoline. The investigation uncovered that:
- Grupo Combustibles and Colón Gas Station: 15 gas stations and 2 executives, aided by Amegas, agreed not to lower gasoline prices between 2014 and 2017, resulting in fines of nearly 28 million pesos.
- Grupo Megasur, Grupo Enerkom, Grupo Lodemo: 13 gas stations and 3 executives conspired to manipulate prices in Mérida, Yucatán, between March 2020 and June 2021, receiving fines of over 315 million pesos.
- Various Groups in Irapuato, Guanajuato: 18 gas stations and 6 executives from groups including Grupo Casimiro, Grupo Express-Bajío, and others, were fined nearly 70 million pesos for their actions in 2018.
- Gas Stations in Tuxtla Gutierrez, Chiapas: Nandalumi and Iván Hugo Combustibles, along with 2 executives, were fined more than 12 million pesos for price coordination throughout 2018.
Cofece’s ruling highlights the commission’s ongoing efforts to protect consumers and maintain fair competition in the fuel market.
Source: COFECE
Featured News
PepsiCo Sued Over Alleged Price Discrimination Involving Walmart
Jan 19, 2025 by
CPI
Regulators Approve Conditions for Multibillion-Dollar Oil Mergers
Jan 19, 2025 by
CPI
FTC Reaches Settlement with Private Equity Firm Over Antitrust Allegations in Texas
Jan 19, 2025 by
CPI
FTC Raises Antitrust Concerns Over Big Tech’s AI Partnerships
Jan 19, 2025 by
CPI
MultiPlan and Insurers Move to Dismiss Antitrust Allegations Amid Growing Legal Challenges
Jan 19, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand