“Consumer protection organization” submitted a statement to the Competition Agency on the alleged violation of Article 7 of the Law of Georgia on Competition by Motor Gas distributor companies. According to the position of the applicant, the violation was expressed as having an agreement with each other on fixing (increasing) the retail prices of Motor Gas. As a result of the investigation, the violation of the Law of Georgia on Competition was not established.
The Competition Agency of Georgia by its own initiative started the investigation on Fuel Commodity Market (petrol, diesel, kerosene). During the investigation from the fuel market have been allocated Jet Fuel market, as an independent commodity market. As a result of the investigation, there is no evidence on violation of the Law of Georgian on Competition by the undertakings operating in the Jet fuel commodity market.
The Competition Agency of Georgia started an investigation into the oil commodity market on its own initiative. As a result of the investigation has been determined that oil companies were involved in an anti-competitive agreement that included price fixing, market sharing and market restriction. The companies were imposed fines up to a total of 55 000 000 GEL. However, the court annulled the decision and in accordance with the order of the Georgian courts, the Competition Agency has begun re-investigating the oil commodity market. Accordingly, the Agency has made a new decision on the case.
