Antitrust Agency Hits Mexico's Pemex With $50M Fine

Law360, New York (August 26, 2013, 1:34 PM EDT) -- Mexico's state-owned oil company Petroleos Mexicanos, better known as Pemex, has been fined 653.2 million pesos ($50 million) for requiring gas retailers to utilize its unionized personnel to transport wholesale gasoline and diesel to gas stations, according to an announcement Monday from the country's competition watchdog.

The Comision Federal de Competencia (CFC) said the Pemex shipment services that retailers were obliged to use under their agreements with the government-run monopoly cost 50 to 67 percent more than transport services from outside companies. The allegedly illegal mandate...
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