Romania’s Competition Council to enforce record cartel fine on oil firms – final decision

Romania’s High Court issued a final decision confirming the fines that the Competition Council had slapped on several oil companies.

The Council had initially issued the fines at the end of 2011, but the companies had challenged them in court.

The competition watchdog had accused OVM Petrom, Rompetrol Downstream, Lukoil Romania, Mol and ENI, of an illegal agreement to stop selling one type of gasoline (Eco Premium).

The judges have lowered the amount that OMV Petrom has to pay as fine from RON 366 million to RON 297.8 million (around EUR 66 million).

The Competition Council had also irrevocably won lawsuits in court against Mol Romania, Rompetrol Downstream, Eni Romania si OMV Petrom Marketing. The case involving Lukoil is still in court.

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Ovidiu Posirca