Hellenic Petroleum accused of cartel practices in Bulgaria

TAGS: Energy

Bulgaria’s anti-monopoly commission has “convincing evidence” that six oil companies operating in the Balkan country’s retail fuel market were involved in cartel agreements on fuel prices, the watchdog’s chief said on Thursday.

On Monday the commission had accused the Bulgarian units of Lukoil, Royal Dutch Shell, OMV, Hellenic Petroleum, Gazprom Neft and Bulgarian Petrol, saying they had collaborated to fix retail prices of diesel and gasoline.