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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.

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