16:45 18.10.2018

Rise in fuel prices justified - AMC

2 min read
Rise in fuel prices justified - AMC

The rise in prices at Ukrainian fuel filling stations is in line with the situation in the world market for petroleum products and is not associated with the violation by the market participants of the antimonopoly legislation, Valeriy Poliukhovych, the state commissioner of the Antimonopoly Committee of Ukraine (AMC), has said at a press conference in Kyiv.

"If to talk about the situation with the prices in the petroleum market of Ukraine, then, indeed, there is a definite trend regarding the rise in prices for both diesel fuel and petrol. In principle, there is no disproportion between the increase in the world oil prices and the rise in prices for light oil products," he said.

Commenting on the situation in the Ukrainian market from the standpoint of antimonopoly legislation, in particular, violations in the form of anticompetitive concerted actions, abuse of a monopoly position, as well as unfair competition, he noted that at present there are no grounds to speak about the existence of such violations.

"If to talk about the cases that are currently in the committee, then among them at the investigation stage [started at the end of 2017] is the one about concerted anticompetitive actions in the market of light oil products, whose participants are the companies belonging to OKKO, WOG, and SOCAR. It's too early to say that the reason for the price increase in the market is anticompetitive actions," he stressed.

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