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Spain fines Repsol EU22 Mln over Petrol price-fixing

Source: Energy Voice - Wed 8th Jul 2015
Spain fines Repsol EU22 Mln over Petrol price-fixing

Spain's antitrust watchdog CNMC said on Wednesday it had fined Repsol EU22.6 Mln, and another four franchised companies lesser amounts, for fixing petrol prices in service stations.

The total fine, of EU22.88 Mln, was for coordinating prices between their petrol stations, the CNMC said.

Repsol would appeal the ruling, a spokesman for the company said, calling it "unfair, disproportionate and without foundation".

Recommended Reading :

* Spain sees cost of Petrol and Disel fall

* Repsol admits to lowering Petrol prices on Mondays

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