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CCI probes cartelisation in petrol pricing

CCI probes cartelisation in petrol pricing

Anti-trust watchdog Competition Commission of India (CCI) has reportedly started probing the alleged cartelisation in the price of petrol in the domestic market by state-run oil marketing companies (OMCs). Suspicion of cartelisation in petrol pricing arose as state-run OMCs usually reduce or hike price of the fuel in unison. The Director General, the investigation arm of the CCI is investigating the matter

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State-run OMCs may get notice from CCI

State-run OMCs may get notice from CCI

Under section 3 of the Competition Act, the Competition Commission of India (CCI) is probing an allegation that state-run oil marketing companies (OMCs) are indulging in cartelisation on fuel pricing. According to some media reports, these state-run OMCs may get notice from the panel on the allegation. The Petroleum and Natural Gas Regulatory Board earlie

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CCI sends order to fuel retailers

CCI sends order to fuel retailers

Ashok Chawla, Chairman of the Competition Commission of India (CCI) informed reporters that the panel was in the process of sending fuel retailers an order related to a probe on the alleged cartelisation on petrol pricing. Chawla informed this on the sidelines of a seminar organised by industry body Assocham. The CCI, which is emp

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State-run OMCs to get notice from CCI on cartelisation probe

State-run OMCs to get notice from CCI on cartelisation probe

Soon state-run oil marketing companies (OMCs) - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -would receive notices on alleged cartelisation, said Ashok Chawla, Chairman of the Competition Commission of India (CCI). Speaking on the sidelines of a conference, Chawla said. the CCI has taken up the issue after the government clari

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State-run OMCs to get notice from CCI on cartelisation probe

State-run OMCs to get notice from CCI on cartelisation probe

Soon state-run oil marketing companies (OMCs) - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -would receive notices on alleged cartelisation, said Ashok Chawla, Chairman of the Competition Commission of India (CCI). Speaking on the sidelines of a conference, Chawla said. the CCI has taken up the issue after the government clari

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OMCs may decide individually on diesel price change

OMCs may decide individually on diesel price change

Reports suggest that oil marketing companies (OMCs) may decide on hiking diesel prices individually as collective decision invites suspicion of cartelisation from the Competition Commission of India (CCI). In 2010, Reliance Industries had petitioned CCI, alleging the government OMCs acted as a cartel while pricing their aviation turbine fuel supply for Air India, on a te

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OMCs may decide individually on diesel price change

OMCs may decide individually on diesel price change

Reports suggest that oil marketing companies (OMCs) may decide on hiking diesel prices individually as collective decision invites suspicion of cartelisation from the Competition Commission of India (CCI). In 2010, Reliance Industries had petitioned CCI, alleging the government OMCs acted as a cartel while pricing their aviation turbine fuel supply for Air India, on a te