EconomyFAS fines the "daughter" of "Lukoil" in Perm for...

FAS fines the “daughter” of “Lukoil” in Perm for inflating gasoline prices


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Construction of the Russian Federal Antimonopoly Service. archive photo

FAS fined the “daughter” of “Lukoil” in Perm from 650 thousand rubles for inflating gasoline prices

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MOSCOW, December 16 – RIA Novosti. Russian Federal Antimonopoly Service (FAS) fine According to the regional department of the department, a subsidiary of Lukoil in the Perm Region received 650 thousand rubles for an unreasonable increase in gasoline prices.

“Perm OFAS Russia brought Lukoil-Uralnefteprodukt LLC to administrative responsibility for abusing its dominant position in setting prices for petroleum products… Under the Code of Administrative Offenses of the Russian Federation, the company was fined an administrative fine of 650,000 rubles,” Perm OFAS said in a statement.

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The lawsuit against Lukoil-Uralnefteprodukt was opened in February. During the review, the company reduced the average price of gasoline AI-92 and AI-95 at gas stations by about 1.5 rubles, in the interest of consumers. FAS emphasized that the maximum price set at gas stations in the company’s Perm Region remains constant throughout 2022.

Moreover, earlier in the process of examining the case, the FAS found that the company’s expenditure on the retail sale of gasoline had decreased due to the decrease in the cost of purchasing petroleum products in the wholesale segment. According to the Federal Antimonopoly Service, there was no objective economic justification for increasing the price of gasoline at gas stations, and the increase was considered unreasonable.

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Source: Ria

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I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.


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