FAS FINED FUEL COMPANIES ON 110 MILLION RUBLES
NTK LLC and Kubanoil LLC concluded an anti-competitive agreement on the division of bidding for the supply of petroleum products at 160 auctions with a total initial price of more than 1 billion rubles
Earlier the FAS Russia initiated a case on violation of antimonopoly legislation* against NTK LLC and Kubanoil LLC.
The FAS Russia determined that by participating in bids, including those for the needs of educational and social institutions of the Krasnodar region, as well as Sochi City Administration and regional executive authorities of the region, companies provided conclusion of contracts at the highest possible price. At the same time, competing with each other, NTK LLC and Kubanoil LLC should have submitted their price offers, reducing the initial maximum contract price.
The FAS Russia concluded that the companies had violated antimonopoly legislation. In accordance with the Code of Administrative Offences of the Russian Federation**, NTK LLC was fined 98 405 720 rubles, the fine for Kubanoil LLC amounted to 12 262 720 rubles.
Reference:
* On grounds of violation of Paragraph 3 of Part 1 of Article 11 of the Federal Law of July 26, 2006, No. 135-FZ "On Protection of Competition "
** Part 1 of Article 14.32 of the Code of Administrative Offences of the Russian Federation