GVH still investigating MOL fuel prices after two years

Competition

Hungary's Competition Office (GVH) is still carrying out an investigation of pricing of vehicle fuel by oil and gas company MOL started two years earlier, daily Népszabadság said on Wednesday.

GVH announced the launch of the procedure in May 2010. GVH started the investigation on suspicion MOL used its position as market leader to keep wholesale vehicle fuel prices artificially high since the start of 2006.

The investigation was to have been wound up by the end of 2011, Népszabadság said.

GVH spokesperson Katalin Gondolovics told the paper that, although the investigation had been drawn own, GVH was still within the legal deadline.

MOL spokesperson Andrea Pánczél told Népszabadság that the company had last provided GVH with data as part of the investigation last December.

GVH launched similar procedures against MOL twice in the past ten years. It did not establish MOL abused its market position in either case.

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