A PYMNTS Company

Hong Kong: Competition Commission may investigate suspicions over gas price coordination

By  |  December 3, 2012
Hong Kong: Competition Commission may investigate suspicions over gas price coordination

Hong Kong’s Competition Commission could be investigating Caltex and Shell, two oil giants who have seemingly raised and lowered their gas prices on coordinating intervals. Records show that the two companies adjusted their pries 29 times either the same day or the day after each other between early January and the end of November. Experts say the reports are conspicuous and suggest coordinated price-fixing. On the other side of the argument, some experts say that because the two companies are global entities, their cost structures are similar and may lead to similar habits in pricing.

    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: The Standard

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