Press Esc to close
Sunday 07 February 2016
News updated at 6:30 PM IST
Weather
Max: 32°C
Min : 18°C
In Bengaluru
Partially cloudy

CCI starts probe into alleged cartelisation in petrol prices

New Delhi, May 21, 2013, (PTI) :

Fair trade regulator Competition Commission has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices.

The Director General, the investigation arm of the Competition Commission of India (CCI), is probing the issue.

Without divulging specific details a senior CCI official said: "The Director General is investigating the case".

This move follows the Petroleum Ministry clarifying that it was not responsible for petrol prices since it is deregulated.

Earlier, the Commission had written to the Petroleum Ministry to ascertain whether the pricing by companies is done in a particular manner under the guidance of the Ministry, since petrol prices are almost close to each other and they moved up or down at the same point in time.

"They (Petroleum Ministry) have given us a reply, which clearly indicates that they are in no way responsible.

On petrol, which is deregulated, they said, whatever is done is being done on the basis of some pricing formula. It is not our concern, that is what the Petroleum Ministry has said," Commission Chairman Ashok Chawla had said in January.

The Commission refers cases to the Director General only when it is convinced that there is prima facie evidence of violating competition norms.


Go to Top

Photo Gallery
CRPF women wing showing their skills at Lucknow Mahotsav on Saturday...

CRPF women wing showing their skills at Lucknow Mahotsav on Saturday...

Cricketer Mahendra Singh Dhoni celebrating the first birthday of his daughter Ziva...

Cricketer Mahendra Singh Dhoni celebrating the first birthday of his daughter Ziva...

Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523