Competition watchdog accuses TNK-BP, LUKoil of price fixing

© Sputnik / Alexander Yakovlev / Go to the mediabankCompetition watchdog accuses TNK-BP, LUKoil of price fixing
Competition watchdog accuses TNK-BP, LUKoil of price fixing - Sputnik International
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Russia's competition watchdog, the Federal Antimonopoly Service has filed a suit against Volga-based subsidiaries of oil giants TNK-BP and LUKoil over collusion on fuel prices, the service said on Thursday.

Russia's competition watchdog, the Federal Antimonopoly Service has filed a suit against Volga-based subsidiaries of oil giants TNK-BP and LUKoil over collusion on fuel prices, the service said on Thursday.

The watchdog accuses the companies of fixing prices for AI-80 gasoline brand in the Saratov region.

Saratovnefteproduct, the TNK-BP subsidiary, says its market share in the region amounts to 45%, while that of LUKoil-Nizhnevolzhsknefteproduct is 25%.

MOSCOW, February 17 (RIA Novosti) 

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