Post by rojonihafsa1 on Mar 11, 2024 2:12:30 GMT -8
The National Markets and Competition Commission (CNMC) has opened an investigation into various operators active in the energy sector in Spain for possible anti-competitive practices. Between November 28 and December 2, 2022, the CNMC carried out inspections at the headquarters of Repsol, Cepsa and BP within the framework of confidential information opened after the presentation of several complaints. According to several media outlets such as Expansión , Cinco Días , El Confidencial or El Mundo , the complaints were reported by the low-cost gas station associations, after having lost market share following the application of discounts on fuel applied after the increase in the price of gasoline. fuels following the war in Ukraine. Low-cost gas stations understand that the discounts from large oil companies.
Up to 10 cents per liter, which are added to the 20 cents per liter financed by the Government—are "expelling" them from the market. Both Repsol and Cepsa acknowledge having received a visit from the CNMC inspectors, but deny the reported facts and consider that they comply with competition regulations, also showing their discomfort at the investigation of Jamaica Mobile Number List discounts that have been public since last spring and that Even the Government itself urged it to be launched. The oil companies emphasize that no investigation or investigative file has been opened, which is why they regret that the CNMC's communication causes serious damage to their image. If the existence of anti-competitive practices in this market is confirmed, they could constitute a violation of articles 1 and 2 of the Law on the Defense of Competition and 101 and 102 of the Treaty on the Functioning of the European Union.
The giant buoy that produces energy from waves and survives storms Fines of up to 10% of business volume The inspections, the CNMC clarifies, are a preliminary step in the investigation process of alleged anti-competitive practices and do not prejudge the result of the investigation or the guilt of these entities that operate in the energy sector. If, as a result of the inspection, indications of practices prohibited by the Law on the Defense of Competition and by the Treaty on the Functioning of the European Union are found , a disciplinary file will be formally initiated. The CNMC recalls that anti-competitive practices and abuses of dominant position constitute a very serious infringement of competition legislation, which can lead to fines of up to 10% of the total turnover of the offending companies in the year immediately preceding the year.