Bulgarian Watchdog Says 4 Fuel Cos. Fixed Prices

Law360, New York (March 16, 2012, 4:39 PM EDT) -- Bulgaria's antitrust watchdog on Friday accused four of the country's major oil and gas companies, including a division of Russia's Lukoil OJSC, of joining a cartel to fix prices on wholesale gasoline and diesel fuel.

The Bulgarian Commission for Protection of Competition said that Lukoil Bulgaria EEOD, Rompetrol Bulgaria JSC, Naftex Petrol Ltd. and a unit of Austria-based OMV, OMV Bulgaria Ltd., were suspected of conspiring to set prices for gasoline and diesel in violation of the country's antitrust law.

The CPC said it would launch...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.