Bulgaria’s competition regulator accused the country’s leading fuel distributor and trader LUKOIL Bulgaria, controlled by Russia’s LUKOIL (LKOH.MM), on Thursday of abusing its dominant market position by exerting a price squeeze on its competitors.
The regulator said LUKOIL Bulgaria has put price pressure on its competitors by gradually changing wholesale price conditions and removing quantity discounts. That could limit competition on fuel markets and affect consumers, it said.
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