Italian Antitrust Regulators Probe Fuel Companies

Law360, New York (January 23, 2007, 12:00 AM EST) -- Italian antitrust regulators launched an investigation Tuesday into the pricing practices of nine oil companies that regulators said may have been involved in cartel activity to control fuel prices.

The Italian Competition Authority named Eni, Esso Italiana, Kuwait Petroleum Italia, Shell Italia, Tamoil Italia, Total Italia, Erg Petroli, Ip and Api as possible conspirators.

In a statement about the investigation, regulators claimed that Eni had set fuel prices and the other eight companies, instead of setting their own prices, followed its lead.

Italian regulators also said...
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