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Court: Perm “daughter&quod1ct; LUKOIL “lawfully fined 51 million rubles for monopolistically high prices for gasoline

Mar 3rd, 2010 | By admin | Category: Company News

January 25 Seventeenth Arbitration Appeal Court of Perm region upheld the decision on the recognition of FAS Perm OOO LUKOIL-Permnefteprodukt "abusing its dominant position in the markets of motor fuel in the Perm region.

June 10 2009 the Perm FAS recognized LUKOIL-Permnefteprodukt, dominating the market of retail sale of gasoline and diesel fuel in the Perm region, violated paragraph 1 of Part 1 of Article 10 of the Law "On Protection of Competition" in terms of establishment , the maintenance from November to December 2008 monopolistically high prices for gasoline grades Au-80, Au-92 Au -95 and diesel fuel.

disagreed with this decision, "LUKOIL-Permnefteprodukt" appealed the decision in court. Arbitration Court of Perm Krai Perm FAS Russia decision upheld. Seventeenth Arbitration Appeal Court confirmed the legality of the Perm region and the findings of FAS. For violation of the antimonopoly legislation the LUKOIL-Permnefteprodukt "was fined 51 million rubles.

"Unlike many other regions of Russia in the Perm region of" LUKOIL "is not only engaged in oil exploration, but also its downstream processing by supplying the fuel produced in the surrounding areas, such as Sverdlovsk, Kirov region, the Republic of Udmurtia. When the cost of motor fuel in the territory of our region often exceeds its value from the neighbors. Accepted Perm FAS Russia decision and issued based on this requirement will prevent a monopoly of setting monopolistically high prices ", - said the head of the Perm FAS Dmitry Makhonin.
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