Financial and business news from Bulgaria

The prosecutor's office resumed the CPC about fuel prices

The Supreme Administrative Prosecutor's Office (VAP) referred the Commission for Protection of Competition (CPC) to assess whether to initiate proceedings with subject matter — how the prices of liquid fuels are formed when selling them at petrol stations in the country.
This was announced by the press center of the prosecutor's office.

The file in VAP was formed in connection with the observed significant decrease in the value of crude oil worldwide /by 47.4%/according to the data of the Customs Agency and the decrease in prices of liquid fuels in the country by only about 11%.

The VAP is aware that the exact amount of the price for which the fuels in question are sell/purchased is not subject to administrative regulation. Nevertheless, the essence of the data is such that any doubts about the existence of so-called “concerted practices” of persons who predominantly market such products (such as large chains of gas stations with sites throughout the country, etc. in contradiction with requirements of competition and free initiative in business activities.

Under Article 101 (1) (b) “a” TEC, all agreements between undertakings, decisions of associations of undertakings and concerted practices which may affect trade between Member States and which have as their objective or effect are prohibited as incompatible with the internal market. the prevention, restriction or distortion of competition within the internal market, in particular those which directly or indirectly determine purchase or sale prices or other trading conditions.

Identical is the regulation in national law - Art. 15, para. 1, item 1 of the CPC, as certain rules are contained in other provisions - say, Art. 21, item 1 of the Law.

The powers to control, impose sanctions and order the termination of violations are entrusted to the CPC - Art. 70 - Art. 77, Art. 100 et seq. LPC, etc.

About the decisions taken and the measures taken, the VAP requires timely information from the CPC.