Giant Penalties Imposed on Fuel Giants

How Much Penalties Have Been Sent To Fuel Companies
How Much Penalties Have Been Sent To Fuel Companies

The investigation opened by the Competition Authority into four fuel companies, BP, Petrol Ofisi Shell and Opet, has been completed. As a result of the investigation, a high amount of penalties were imposed on each of the four fuel oil companies on the grounds that they prevented the competition. How Much Punishment Has Been Sent To Fuel Companies? In total, approximately 1,5 billion TL was fined.

In the statement made by the Competition Authority, “BP Petrolleri A.Ş., OPET Petrolcülük A.Ş., Petrol Ofisi A.Ş., Shell & Turcas Petrol A.Ş. Fine Fuel and Energy Company (former title: Total Oil Turkey Inc.) Act No. 4054 with applications for the dealers carried out in order to determine whether they violate the Article 4 of the investigation was completed.

Article 4054 of the Law on the Protection of Competition No. 4 is as follows: “Intergovernmental agreements, compatible actions and undertakings of associations that are intended to prevent or distort, restrict or restrict competition directly or indirectly in a particular goods or services market, such decisions and actions are illegal and prohibited. ”

As a result of the negotiation of the file by the Competition Board; BP Petrolleri A.Ş., Petrol Ofisi A.Ş., Shell & Turcas Petrol A.Ş. and OPET Petrolcülük A.Ş. violated article 4054 of the Act no 4, and the undertakings in question were fined in accordance with Article 16 of the same Act; It was decided that Güzel Enerji Akaryakıt A.Ş. did not violate article 4054 of the Act no 4, so that there was no place to impose administrative fines in accordance with Article 16 of the same Law. ” I was told.

How Much Penalties Have Been Sent To Fuel Companies

- Petrol Ofisi A.Ş. to 507.129.085,76 TL

- 433.932.124,60 TL to OPET Petrolcülük A.Ş.

- Shell & Turcas Petrol A.Ş. is 348.154.458,54 TL

- 213.563.152,66 TL to BP Petrolleri A.Ş.

About Turkey Competition Authority

The Competition Authority is the institution that is envisaged to be established in the "Law on the Protection of Competition" numbered 7, which was adopted on 1994 December 4054 and is responsible for the implementation of this law. The Ministry, to which the Institution is associated, is established in order to prevent the abuse, disruption or restrictive agreements, decisions and practices of the competition in the goods and services markets and the abuse of the undertakings that dominate the market, and to protect the competition by making necessary regulations and audits. The institution is independent while performing its duty. No organ, authority, authority or person can give orders and instructions to influence the final decision of the institution.

The institution started operating on 5 November 1997 with a three-year delay. Among his duties are:

  • Preventing agreements, concerted actions and enterprise union decisions and actions that restrict competition and granting exemptions for such agreements, concerted actions and decisions in the presence of certain conditions,
  • Prevention of abuse of dominant position,
  • Control of mergers and acquisitions,

It is located. The decision-making body of the Institution, which has administrative and financial autonomy, is the Competition Board consisting of 7 members. In order to fulfill the duties mentioned above, the powers of requesting information and on-the-spot examination can be used, and those who violate Articles 4, 6 and 7 of the Law may be fined up to 10% of their annual gross income. In this respect, the Board acts as a judicial body when it detects anti-competitive practices in the markets.

Ömer Torlak was appointed as the head of the competition institution in 2015. [4] With the appointment decision published in the official newspaper in November 2019, Birol Küle was appointed as president.

Source: Wikipedia

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