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
- Cortana for Android available for public beta in US
- Xiaomi Redmi 2 Vs Redmi 2 Prime: Specification comparisons
- Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg
- Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months
- Watch: Review of Mahindra TUV300