THE TURKISH COMPETITION AUTHORITY FINES OIL COMPANIES
16 March 2020
The Turkish Competition Authority (“TCA”) published its final decision about the investigation regarding the Oil Companies, BP Petrolleri A.Ş., Petrol Ofisi A.Ş., Shell Turcas Petrol A.Ş., OPET Petrolcülük A.Ş., and Güzel Enerji Akaryakıt A.Ş. concerning the violation of article 4 of the Law no 4054 on the Protection of Competition.
At the end of the investigation, it was found that these Oil Companies but Güzel Enerji Akaryakıt A.Ş, herein has infringed article 4 of the Law no 4054 by determining the resale price for their dealers. In this sense, these Oil Companies has been imposed administrative fines amounting to 1%, by discretion, of their annual gross income accrued at the end of the financial year 2018 and determined by the Board.
For Güzel Enerji Akaryakıt A.Ş, the TCA found that the Oil Company did not violate article 4 of the Law no 4054.
You can reach the decision here.
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