Surprise inspections at a number of oil companies

Surprise inspections are carried out at a number of oil companies in the context of the ongoing investigations initiated by the Competition Council to identify violations of the competition legislation that bans anti-competition agreements and the abuse of a dominant position, IPN reports.

As to the price control mechanism, the Competition Council said it does not have legal powers to set mechanisms for controlling prices, the oil products market being regulated and supervised by the responsible institutions

One month after the last rise in oil prices, several days ago, a number of filling stations posted again higher prices – by about one leu per liter of gasoline and diesel fuel and by about 0.80 lei per liter of liquefied petroleum gas.

Since March 2019, oil sellers have set themselves the retail prices of oil prices within an annual markup of 10%.

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