Oil Tanker Owners Punished for Rigging Market

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs. 60 million on the All Pakistan Edible … Read More The post Oil Tanker Owners Punished for Rigging Market appeared first on ProPakistani .

propakistani.pk ·5h ago

Oil Tanker Owners Punished for Rigging Market

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs. 60 million on the All Pakistan Edible Oil Tanker Owners Association (APEOTOA) for fixing transportation charges and allocating business among tanker owners. The penalty was divided into Rs. 30 million for price fixing and Rs. 30 million for market allocation, in violation of Section 4 of the Competition Act, 2010. APEOTOA has 60 days to deposit the penalty and report compliance, failing which may result in additional penalties.

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