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WOG, OKKO, SOCAR gas stations fined for coordinated prices increase

WOG, OKKO, SOCAR gas stations fined for coordinated prices increase

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Ukraine’s Antimonopoly Committee fined WOG, OKKO and SOCAR gas stations in the amount of $2,9 million, as the Chairman of the Committee Yuriy Terentyev reported.
On May 14, the Antimonopoly Committee made a final decision on the results of the investigation of the case on the commitment of anti-competitive coordinated actions of “market leaders”.

“We don’t have the following situation anymore, when half of the market keeps artificially higher prices set by the so-called “leaders of the market”. The decision of 2016 on three out of six defendants was supported by judicial hierarchy. The processes on three other defendants are still held,” Terentyev noted.
As it was reported, in March 2018 Ukraine’s Antimonopoly Committee suspected OKKO Retail and WOG Retail of coordinated increase in prices for gas and diesel. This way, the companies remove competition between them.
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