Groysman confident fuel traders fix up deals, asks Rada to react

Ukraine's government has asked the Verkhovna Rada to consider the possibility of authoring public agencies to more quickly react to the case of price collusion similar to the increase of fuel price, as investigations of Ukraine's Antimonopoly Committee last too long.

"We will prove that there was collusion [on the retail fuel market]… The problem is that the reaction of the committee would be in four or six months," Ukrainian Prime Minister Volodymyr Groysman said in parliament on Friday.

The Antimonopoly Committee in early February 2016 said that the committee launched a case against collusion on the retail fuel market.

"The price policy of the market players is not completely correlates with the changes of factors influencing prices," the authority said.

The committee said that the investigation was finished on May 20. The agency sent the preliminary conclusions to the market players. The authority said that fines of up to 10% of annual income (revenue) of a company implicated in economic competition violation infringement could be imposed. The committee did not specify the concrete market players in its press release.