OREANDA-NEWS. August 12, 2011. The Commission of the Federal Antimonopoly Service (FAS Russia) found that “Lukoil” OJSC violated Clause 1 Part 1 Article 10 of the Federal Law “On Protection of Competition” (abusing market dominance) by fixing and maintaining monopolistically high prices for diesel fuel in Q4 2010 – January 2011, reported the press-centre of FAS Russia.

As “Lukoil” OJSC voluntarily eliminated the violation, FAS did not issue a determination.

FAS did not reveal any other signs of “Lukoil” OJSC violating Part 1 Article 10 of the Federal Law “On Protection of Competition” on the wholesale market of diesel fuel in the period in question and terminated the proceedings on the case.

Actions of “Lukoil” OJSC on the wholesale market of aviation kerosine in Q4 2010 – January 2011 require further investigation so FAS opened a separate case.

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This is the second decision regarding “Lukoil” OJSC within the “third wave” of cases against vertically-integrated oil companies that have dominant position on the wholesale market of oil products in Russia. On 29th July 2011, FAS found that “Gazprom Neft” OJSC violated Part 1 Article 10 of the Federal Law “On Protection of Competition”; the company admitted the fact of the violation and voluntarily eliminated its consequences. FAS also continues proceedings against “Rosneft” NK” OJSC.

In 2008-2009 FAS considered “two waves” of cases against “Rosneft” NK” OJSC, “Lukoil” OJSC, “Gazprom Neft” OJSC and “TNK-BP Holding” OJSC for violating the antimonopoly law on the federal market of oil products. The total fines imposed upon the companies reached around 15 billion Rubles. Upon Court rulings on the “first wave” and “second wave” of case, nearly all fines were paid to the state budget.