Spain: CNMC probes fuel market

Spain’s competition watchdog, CNMC, has published a report that outlines a number of significant barriers for entry and growth which remain embedded in the fuel additive sector.

Large oil producers with refineries in Spain, such as Spanish giant Repsol, enjoy unbeatable advantages over other operators, the report finds. This is the result of vertical integration in their refining, transportation, storage and distribution chains.

The study also analyses the impact this market structure has had on the import of fuels. The analysis points to a loss of competition within the sector, leading to elevated prices for these products.

The CNMC report includes recommendations and possible future steps to correct this situation, and can be found below in full.

Source: CNMC

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