Antitrust asks oil firms, fuel stations owners to cut fuel prices - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Antitrust asks oil firms, fuel stations owners to cut fuel prices

MOSCOW, Oct 5 (PRIME) -- Russia’s Federal Antimonopoly Service has sent a letter to vertically-integrated and independent oil companies, and independent fuel stations demanding that fuel prices be reduced, the authority said in a statement Thursday.

"The Federal Antimonopoly Service has sent a letter to all vertically-integrated and independent companies concerning the need to reduce the sales price of fuel because of a decrease of the market (wholesale) prices for oil products and to send information on the fulfillment of the measure to the service," the statement read.

The antitrust will qualify a possible lack of measures by the companies as signs of a violation of the antitrust legislation.

End

05.10.2023 12:25