Antimonopoly Committee Orders 5 Chains Of Filling Stations To Lower Prices Of …
The Antimonopoly Committee has ordered the Lukoil, OKKO, WOG, Shell, and TNK chains of gasoline filling stations to lower the prices of the A-95 brand of gasoline to economically justified levels.
The press service of the Antimonopoly Committee announced this to Ukrainian News.
The committee recommended that participants on the market of petroleum products lower the cost of fuel to the levels that would have existed under conditions of considerable competition on the market.
The Antimonopoly Committee said established that there are presently no objective economic reasons to significantly raise the price of the A-95 gasoline to the current level and maintain it there.
In particular, in the period from April 3 to May 10, prices of crude oil fell by 12% and the Platts figure for the corresponding fuel reduced by 18.8% but prices at gasoline filling stations owned by the abovementioned operators increased by an average of 3%.
The relevant recommendations from the Antimonopoly Committee were received by the companies Lukoil-Ukraine (Kyiv, the Lukoil brand), the Halnaftohaz concern, the OKKO-Naftoprodukt company (both in Lviv, the OKKO brand), the Continuum-Halychyna Trading House company, Continent Nafto Trade (both in Lutsk, the WOG brand), Alliance Holding (Kyiv, the Shell brand), UTN-Skhid LLC, and Kersher LLC (Kyiv, the TNK chain).
These companies are to inform the Antimonopoly Committee of the results of their consideration of its recommendations within ten days.
As Ukrainian News earlier reported, the operators of the Shell, Lukoil, OKKO, Ukrnafta, WOG, TNK, and Paralel chain of gasoline filling stations agreed at a meeting of the group of analytical experts on the operation of the market of crude oil and petroleum products and development of the oil refining industry on May 28 to gradually reduce the retail prices of gasoline and diesel fuel by 10 kopecks per liter from May 29 and by a further 10 kopecks per liter from June 4.