Yekaterinburgnefteprodukt and LukoilPermnefteprodukt found guilty of violating competition law

Yekaterinburgnefteprodukt and LukoilPermnefteprodukt were found guilty of violating the federal legislation on the protection of competition, Sverdlovsk Region’s Federal Antimonopoly Service’s department director Yulia Anisimova said to UrBC.

The two companies have been sued for a price collusion that involved AI 76 (80), AI 95 (96), and diesel fuel. The collusion lasted from January 1, 2007 to March 27, 2008.

‘These are two different organizations, so they work with different oil product suppliers; they have different transportation and storage terms, and so on. This is why they couldn’t have had exactly the same prices for sixteen months. The companies were ordered to stop colluding, otherwise they will have to face administrative liability,’ Yulia Anisimova noted.

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