CCI to probe alleged cartelisation in petrol pricing
New Delhi: Fair trade regulator Competiton Commission will "very soon" finalise the probe into alleged cartelisation among oil marketing companies in fixing petrol prices.
Competition Commission of India (CCI) Chairman Ashok Chawla on Saturday said the regulator was in the process of finalising the probe against oil marketing companies with regard to alleged cartelisation in fixing prices of petrol.
"We are in the process of finalising the probe very soon," Chawla said.
"We are in the process of sending them an order which will ensure that there is investigation to see what is happening in terms of petrol prices," he told reporters here.
Earlier, CCI had written to the Petroleum Ministry on the issue, but the Ministry said it had no role in deciding the price of petrol as it was a deregulated commodity.
Meanwhile, regarding the case of alleged abuse of dominant position by Coal India, Chawla said CCI has received the investigation report from its Director General (DG).
"The Commission as a whole will look at the matter and then take a decision," he said.
DG is the investigation arm of the CCI. It probes cases where the Commission has found prima facie evidence of violating competition norms.
More from India
More from World
More from Sports
More from Entertaiment
- 7th Pay Commission recommends 23.55% hike in salary for central govt employees; minimum salary set at Rs 18,000 per month
- Shocking fact of pay 'hike' in 7th Pay Commission recommendations!
- Full Report of 7th Pay Commission
- E-commerce war: Paytm Diwali sale offers 100% cashback on 25 million products
- Unbelievable! Clean and healthy meals on Indian Railways at just Rs 20