The Competition Commission of South Africa has reportedly launched a probe into the liquefied petroleum gas industry as the fuel becomes a crucial alternative energy source following rising energy costs and power cuts, reports say.
The Commission launched the inquiry to ensure the proper function of the market, though added that there are concerns of distorted competition due to limited supply of the petroleum gas, a fact that may “confer substantial market power” to resellers, the watchdog said.
According to reports, the Commission will focus its inquiry on supply bottlenecks and potential incentives for anticompetitive practices among LPG suppliers
The probe marks the second market inquiry launched by the Commission since it was given the power to conduct such competition investigations into entire markets.
Full content: BDLive
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI