Court Confirmed FAS Decision on Lukoil and Gazprom Neft
OREANDA-NEWS. On April 28, 2009 the Tyumen Regional Arbitration Court confirmed legitimacy of the decision and determination года issued by the Tyumen OFAS Russia regarding "Lukoil-Uralnefteproduct" OJSC, "Gazpromneft'-Tyumen" OJSC and "AZS-N1" Ltd. The Antimonopoly Service proved to the Court of First Instance price collusion between three operators of petrol stations, which OFAS Russia discovered in August 2008, reported the press-centre of FAS Russia.
In October 2008 the Tyumen OFAS Russia pronounced that "Lukoil-Uralnefteproduct" OJSC, "Gazpromneft'-Tyumen" OJSC and "AZS-N1" Ltd. violted the antimonopoly legislation. In January - July 2008 the companies were fixing and maintaining the same prices for oil products (petrol grades AI-76(80) and AI-95(96) and diesel fuel) in Tyumen and the Tyumen District. OFAS Russia issued a standard determination to the companies aimed at restoring and developing competitive environment.
Officers of the Antimonopoly Service discovered the price collusion through weekly monitoring of wholesale and retail prices at the petrol stations in Tyumen and the Tyumen District.
Upon the fact of the violation, the Tyumen OFAS Russia imposed fines upon Lukoil-Uralnefteproduct" OJSC, "Gazpromneft'-Tyumen" OJSC and "AZS-N1" Ltd. in the amount of 10, 16 and 3 million Rubles accordingly. Judicial proceedings for recovering the funds from the companies will start after the court ruling on legitimacy of the decision of the Tyumen OFAS Russia regarding the companies comes into force.
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