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Bulgaria accuses oil companies of price-fixing

Bulgaria accuses oil companies of price-fixingBulgaria's anti-monopoly commission on Monday accused six oil companies operating on its retail fuel market have allegedly been involved in cartel agreements on fuel prices.

Lukoil Bulgaria, part of LUKOIL , Shell Bulgaria, part of Royal Dutch Shell, OMV, Eko Bulgaria, a unit of Hellenic Petroleum , Petrol and Nis Petrol, which is controlled by Russia's Gazprom Neft had collaborated to fix retail prices of diesel and gasoline, according to the commission.

The comission said in a statement: "The Commission considers that the actions of the above-mentioned companies constitute a violation, resulting in a prohibited agreement and or concerted practice to exchange price information and conduct a common pricing policy as well as exchanging information on sales."

The companies will have 30 days to comment on the findings of the commission.


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