The Competition Tribunal has dismissed a case of alleged price fixing against five liquefied petroleum gas companies accused of flouting the law when fixing the deposit fee charged to first time purchasers of cylinders.
The Commission alleged that during South African Petroleum Industry Association meetings, Totalgaz Southern Africa, Oryx Oil South Africa, Easigas, Kayagas and African Oxygen concluded an agreement to increase the deposit fees on LPG cylinders for first-time buyers, in contravention of the Competition Act.
The LPG firms argued that their decision to adopt the same increase in the cylinder deposit fee was due to the"vertical relationship" between them as participants in the Cylinder Exchange Program . This refers to the nature of the relationship in the supply chain, and can be compared to horizontal relationships, or those between companies in the same level of a supply chain.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'Not an option': Post Office's provisional liquidators blast state's business rescue plan | BusinessThe provisional liquidators overseeing the SA Post Office have come out against a plan put forward by the Department of Communications and Digital Technologies to place the struggling entity in business rescue. | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Eskom's new rules: 'Onerous' but desperately needed to stop slow projects hogging the grid | BusinessRenewable energy industry players largely agree that Eskom's new grid access rules are a step in the right direction. However, there are some 'onerous' requirements that may delay new projects that could provide much-needed power.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Weapons-laden SAA flight: Authorities pass buck over murky authorisation | BusinessQuestion marks remain about whether the SAA plane, chartered by the state to transport members of President Cyril Ramaphosa's security group to Poland, was properly authorised to transport weaponry. | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Eskom debt plan can reduce risks for SA, says Moody's | BusinessSouth Africa’s plan to provide its struggling power utility debt relief and potentially write off municipalities’ arrears to Eskom will ultimately improve liquidity and cut funding risks for the government, according to Moody’s Investors Service.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
UK mulls bailout of nation's biggest water supplier | BusinessThe UK government is considering temporary renationalisation of indebted Thames Water, Britain's biggest supplier of the commodity, media reports said Wednesday, one day after its chief executive resigned.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »