Press Esc to close
Sunday 24 May 2015
News updated at 8:38 PM IST
Weather
Max: 31.5°C
Min : 22.8°C
In Bengaluru
Sunny day

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
Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

Dr.Rajkumar's Statue Unveil at Gayathri (Rajaji) Nagar...

Dr.Rajkumar's Statue Unveil at Gayathri (Rajaji) Nagar...

An Indian man pours water on his face during a hot summer day in Hyderabad...

An Indian man pours water on his face during a hot summer day in Hyderabad...

A picture of late Pope's John Paul II is seen inside the Force India's Formula One car...

A picture of late Pope's John Paul II is seen inside the Force India's Formula One car...

Children seen carrying sand in cycle cart which collected from the road at Mysuru...

Children seen carrying sand in cycle cart which collected from the road at Mysuru...

A man shows a pair of turtles in Thane, Mumbai ...

A man shows a pair of turtles in Thane, Mumbai ...

A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai...

A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai...

A pair of Barbet bird sits on a tree in New Delhi on Sunday...

A pair of Barbet bird sits on a tree in New Delhi on Sunday...

People enjoying in a water park to beat the heat on a hot day in Bhopal on Sunday...

People enjoying in a water park to beat the heat on a hot day in Bhopal on Sunday...

An Indian man uses a hose to bathe his goat to provide relief from the heat in Hyderabad...

An Indian man uses a hose to bathe his goat to provide relief from the heat in Hyderabad...

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