Slovnaft fined €9 million for misusing monopoly in 2005-2006

The Supreme Court has confirmed the decision of the Slovak Antimonopoly Office (PMÚ) to impose a fine of €9.03 million on oil refinery Slovnaft for misusing its dominant status on the market in the wholesale sale of petrol in 2006 and diesel in 2005-2006, the TASR newswire learned on Monday, April 29. Slovnaft, which has one of the most advanced refineries in Europe, was the leader on the Slovak market in wholesale at the time, and was not exposed to any relevant competitive pressure. According to the court, Slovnaft – taken over by the Hungarian concern MOL in 2000 – misused its status with non-transparent pricing policies, and the setting of prices for customers according to their willingness to pay for fuel, or intention to change the supplier. PMÚ said that Slovnaft had enough information on every wholesale consumer at the time concerning its preferences and attractiveness for competitors, which enabled it to offer individual prices to these customers.

The Supreme Court has confirmed the decision of the Slovak Antimonopoly Office (PMÚ) to impose a fine of €9.03 million on oil refinery Slovnaft for misusing its dominant status on the market in the wholesale sale of petrol in 2006 and diesel in 2005-2006, the TASR newswire learned on Monday, April 29.

Slovnaft, which has one of the most advanced refineries in Europe, was the leader on the Slovak market in wholesale at the time, and was not exposed to any relevant competitive pressure. According to the court, Slovnaft – taken over by the Hungarian concern MOL in 2000 – misused its status with non-transparent pricing policies, and the setting of prices for customers according to their willingness to pay for fuel, or intention to change the supplier. PMÚ said that Slovnaft had enough information on every wholesale consumer at the time concerning its preferences and attractiveness for competitors, which enabled it to offer individual prices to these customers.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl

“By a sharp knife” cuts through the heart of injustice in Slovakia

A film inspired by the 2005 murder of student Daniel Tupý will be premiered to the Slovak public on February 21.

Director Teodor Kuhn behind the scenes of Ostrým Nožom.

The moment that changed my perception of the media

One flew over the newsprint: Images from the history of the Sme daily

Alexej Fulmek (right) and Karol Ježík in the early days of Sme.