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
Tag: Competition Commission of India
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OMCs deny cartelisation in oil industry
State-run Oil Marketing Companies (OMCs) deny the allegation that they form cartel while changing petrol or diesel prices. Competition Commission of India (CCI) is studying the allegation and is expected to come out with its obse
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Ministry reviews decision to exempt pacts from CCI
The Ministry of Corporate Affairs is discussing whether to extend exemption of Vessel Sharing Agreement (VSA) and Voluntary Discussions Agreement (VDA) from the purview of Competition Commission of India (CCI). It may be recalled that the ministry exempted these agreements from the purview of the fair trade for a perio
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GDNL allowed to acquire stake in Gujarat Gas
GSPC Distribution Networks (GDNL) is allowed to acquire 65.12 per cent stake in Gujarat Gas Company by the Competition Commission of India (CCI). The commission approved the acquisition because it feels that the deal may not have any adverse impact on competition in the natural gas distribution market
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Adani Gas under CCI scanner
The natural gas distribution service of Adani Gas (AGL) in Faridabad has come under the scanner of the Competition Commission of India after the latter received complaints from Faridabad Industries Association (FIA). FIA is an umbrella body of industrial units in Faridabad (Haryana). The competition commission recei
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Time to revisit port legislations
Ports in India have always been taken recourse to Port Trusts, but after the arrival of PPP in ports, this should change, says A Balasubramanian.