Spain: Repsol is being investigated for possible anti-competitive practices

Spain: Repsol is being investigated for possible anti-competitive practices

The Spanish competition authority announced this Tuesday, December 26, that it is investigating to the oil company Repsol for a “possible abuse of its dominant position” in the distribution of fuel in Spainto the detriment of independent service stations.

The investigation, opened following a complaint filed by independent distributors, will seek to determine whether Repsol committed anticompetitive practices between March and December 2022, the National Markets and Competition Commission (CNMC) said in its statement.

In that period, the energy group could have offered “additional discounts on fuel to users of its service stations through applications or loyalty and payment cards”detailed the CNMC.

Likewise, it could have increased the price of fuel in the wholesale market where independent stations purchase it, taking advantage of “its dominant position” in said market, he continued.

Contacted by AFP, Repsol He said he “flatly” rejected the accusations, while guaranteeing that it “strictly complies with competition regulations.”

“The CNMC has opened a sanctioning file for a measure aimed at favoring consumers,” added the company, which said it had “made an enormous effort to help its clients (…) with more than 500 million euros allocated to discounts at their service stations in Spain”.

Source: Larepublica

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