A PYMNTS Company

Peru: INDECOPI looks for signs of collusion in fuel prices

By  |  June 5, 2018

Peru’s National Institute of Defense of Competition and Protection of Intellectual Property (INDECOPI) and the Supervisory Body for Investment in Energy and Mining (Osinergmin) performed a joint operation on Sunday targeting various fuel pumps and service stations in Lima and eight other regions across the country.

    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.

    The operation was carried out in order to verify whether the increase in fuel prices in recent weeks is due to the market’s dynamics or due to possible price-fixing collusion among station owners.

    On the other hand, supervisors of the Osinergmin verified that the prices of fuels at the targeted establishments coincide with those registered by the ‘Facilito’ app, a mobile application that allows consumers from all over the country to locate the nearest service stations, with their respective prices; highlighting the cheapest offers.

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