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Slovakia: Fine upheld for oil dominance abusers

 |  April 30, 2013

The highest court of Slovakia has announced the backing of a fine issued by the Antionopoly Office, which found oil refiner Slovnaft guilty of abuse of dominance, amounting to nearly $12 million. Slovnaft, a subsidiary of Hungary-based MOL, was found to have abused its market position in 2005 and 2006 in incidents concerning the petrol wholesale ad diesel wholesale markets. The company was found to have used discriminatory practices, reportedly charging some customers more than others based on whether they were likely to switch to a competitor or how much they were likely to pay. An earlier ruling finding the company guilty of abuse of dominance was overturned in 2009.

Full Content: Portfolio.hu

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