CCI to probe alleged cartelisation in petrol pricing

Fair trade regulator Competiton Commission of India (CCI) will "very soon" finalise the probe into alleged cartelisation among oil marketing companies in fixing petrol prices.

CCI Chairman Ashok Chawla today said the regulator was in the process of finalising the probe against oil marketing companies with regard to alleged cartelisation in fixing prices of petrol.

"We are in the process of finalising the probe very soon.We are in the process of sending them an order which will ensure that there is investigation to see what is happening in terms of petrol prices," Chawla said to reporters today.

Earlier, CCI had written to the Petroleum Ministry on the issue, but the Ministry said it had no role in deciding the price of petrol as it was a deregulated commodity.

Meanwhile, regarding the case of alleged abuse of dominant position by Coal India, Chawla said CCI has received the investigation report from its Director General (DG)."The Commission as a whole will look at the matter and then take a decision," he said.

DG is the investigation arm of the CCI. It probes cases where the Commission has found prima facie evidence of violating competition norms.

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