Commission for the Protection of Competition warns fuel companies

The Commission for the Protection of Competition (CPC) has issued a formal warning to companies operating in the fuel market. This action comes in response to rising oil prices and ongoing geopolitical developments. The regulator emphasized that any anti-competitive agreements, such as direct or indirect price fixing or the abuse of a dominant market position, are prohibited by law. Specifically, the CPC identified concerns regarding synchronized price increases, delayed price reductions for consumers, and the exchange of sensitive commercial information. The commission stated that it is closely monitoring market conditions to detect potential violations. To enforce compliance, the agency noted it possesses the authority to conduct surprise inspections and impose administrative fines. The regulator remains prepared to intervene immediately should evidence of illegal market manipulation arise.