Edition 1445
14 October 2017
Edition: 1445

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Portugal asks EU to investigate fuel prices

by TPN/ Lusa, in News · 28-09-2017 14:17:00 · 0 Comments

The Portuguese government has asked the European Union to investigate whether there is any fuel price cartel or abuse of dominant position in Portugal, as “there are significant, systematic deviations from international prices”.

Newspaper reports said on Thursday that the energy secretary, Jorge Seguro Sanches, had sent a letter to European Competition Commissioners Margrethe Vestager, asking Brussels to investigate the situation.
In his letter, Jorge Seguro Sanches stresses that the systematic deviations of the fuel prices practiced in Portugal compared with international prices are of concern to the government.
He said that over the last years there had been a series of price hikes that were not seen on the international market, with extremely negative repercussions for the domestic economy and consumers.
Jorge Seguro Sanches acknowledged that there had been many explanations, namely that at times the oil companies could have been colluding with each other, which may have infringed legal provisions.

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Edition 1445
14 October 2017
Edition: 1445

Read this week's issue online exactly as it appears in print.

Twitter