The Commission for the Defense of Free Competition (CLC) has set fines totalling more than S / 11 million (USD $ 3.15 million approximately) on 16 fuel companies. The companies have been accused of participated in a secret price agreement (cartel) to set the sale price of vehicular LPG, between June 2012 and February 2014. The practice was developed at the level of LPG service stations, whose main customers are taxi drivers.
The sanctioned companies include: Solgas S.A. (when it was linked to Repsol), Chimbote Corp. SAC, Servicentro Casuarinas SAC, Servicentro UNR SAC, Grifos Espinoza SA, Corporación Dino SAC, Energigas SAC, Station and Services Grefaan SAC, Compañía General de Combustibles SAC, E and G Perú SAC, GLP Granel SAC, Petrogas SRL, Petrogas Chimbote SAC, Transports and Servicios Múltiples SA, Costa Gas Services Station EIRL and Daytona S.A.C.
The sanctioned cartel operated secretly between 2012 and 2014, through coordination carried out between officials and employees of competing service stations and members of the Ancash Costa Association of Service Stations.
Full Content: El Comercio
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI