ACU can fine oil traders on 1 billion UAH

Antimonopoly Committee may penalize oil traders up to $ 1 billion UAH for the sharp rise in prices for gasoline A-95 and A-92 in late 2010 - early 2011 This was stated by Minister of Energy and Coal Industry of Ukraine Yuriy Boyko Komsomolskaya Pravda in Ukraine. "At the final stage of the investigation AMK against price collusion major operators of the internal market of petroleum products. If this fact will be proved, then the oil traders may be imposed unprecedented sanctions - up to 1 billion UAH ", - said the minister. According to Boyko, the uncontrolled rise in fuel prices could become one of the main factors of the second wave of global economic crisis. This challenge, which is not only for Ukraine but also to the entire global economy, the minister said. As reported, the AMC is planning to announce the March 15 decision in the case on the fact of soaring gasoline A-95 and A-92 in late 2010 - early 2011 in the main chains of filling stations in Ukraine. Recall, 4 January this year the Antimonopoly Committee began an investigation of the price leaders in the market for compliance with the requirements of competition law at the time of pricing of fuel. As revealed Committee, oil traders without economic justification of increased fuel costs and repeatedly went beyond the recommended price, calculated the expert-analytical group on the functioning of the market of petroleum and petroleum products. Defendants in the case of FDI are the Lukoil-Ukraine ", PP OKKO-petroleum, LLC Continent Oil Trade", LLC "Alliance Holding and JV" Kersher.