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Russian Antimonopoly Watchdog Launches Probe Over Higher Jet Fuel, Petrol Prices

July 29, 2008

Excerpt from report by corporate-owned Russian news agency Interfax

Moscow, 29 July: The Federal Antimonopoly Service of the Russian Federation (FAS [TZK in Russian]), which is investigating abuses in price determination by refuelling operators of Russian airports, has opened a case regarding the refuelling operator of the Moscow hub of Domodedovo and Sheremetyevo, the department’s statement says.

Cases regarding the TZK Sheremetyevo closed joint-stock company and the Domodedovo Dzhet Servis closed joint-stock company were launched on the basis of signs of carrying out coordinated actions that have resulted in or could result in setting and maintaining premiums on jet fuel during the period from 8 December 2007 until 11 July 2008.

The hearing of the case has been scheduled for 20 August 2008.

The Antimonopoly Service is planning by 1 August to find out which airports are selling the most expensive jet fuel and take antimonopoly measures.

Apart from the Moscow hub, Novosibirsk airport (Tolmachevo has been found to have abused its dominant position) and Yuzhno- Sakhalin airport have drawn the attention of the FAS. On 5 August, the FAS will consider the case regarding the Toplivno- Obespechivayushchaya Kompaniya [Fuel Providing Company] closed joint- stock company for setting a monopoly high price of jet fuel at Yuzhno-Sakhalin airport and the unjustified refusal to conclude a contract for jet fuel storage with the Vladivostok-Avia airline.

The St Petersburg directorate of the FAS has started a case against the PO Kirishinefteorgsintez Ltd regarding signs of abuse of the dominant position on the market. [Passage omitted: details of the company]

[Interfax news agency, Moscow, in Russian 1617 gmt 29 Jul 08 reported that as part of monitoring price formation on the market of car fuel, the FAS has started cases regarding subsidiaries of the Lukoil open joint-stock company and Gazprom Neft open joint-stock company. The report quoted a statement by the FAS.

The Pskov directorate of the FAS has started probing the activities of Pskovnefteprodukt Ltd, Lukoil-Severo- Zapadnefteprodukt Ltd and Pskovskaya Toplivnaya Kompaniya Ltd. According to the FAS directorate, these companies have carried out coordinated actions aimed at setting retail prices of petrol and diesel oil, Interfax added.]

Originally published by Interfax news agency, Moscow, in Russian 1543 29 Jul 08.

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