Brazil investigating collusion and price fixing at the fuel pump: largest distributors targeted

Wednesday, August 1st 2018 - 08:18 UTC

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Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America’s largest oil producer. Read full article

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MarkWhelan
“Raizen said in a statement fuel prices were set by individual gas station owners with no interference from the distributor. “The company operates in total conformity with applicable legislation and always acts toward the consumer in a competitive way and in favor of free competition,” ”
If they are like distributors in other countries their actual actions are “If you cut your prices at the pump we put up the price you need to pay us”. This method has been used in other countries.
Aug 03rd, 2018 - 11:51 am - Link - Report abuse 0
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