Two Russian oil traders suspected of fuel price fixing
MOSCOW, February 14 (RAPSI) – Russia’s Federal Antimonopoly Service (FAS) has opened a case against two oil trading companies suspected of price fixing in fuel stock trading, the watchdog’s statement reads.
The conducted analysis of contracts signed by A-Oil and Solid-Product Markets companies has provided evidence of atypicality of deals made by them on the stock exchange, according to the FAS. The traders’ actions have allegedly resulted in the overpricing of certain petroleum products.
As the stock exchange is indicative to many companies, this has potentially led to the general increase in fuel prices, according to the watchdog’s deputy chief Andrey Tsarikovsky.