27 September 2012 14:18 [Source: ICIS news]
The investigation will focus, in particular, on movements of prices in crude oil and refined products, and it will look at how those movements are passed on to drivers, said Andreas Mundt, the president of the Bundeskartellamt.
The Bundeskartellamt aims to assess the level of competition in the refining and wholesale sectors in order to address possible competition issues, Mundt added.
Declining demand for refined products and excess refining capacities had sharpened competitive pressures and already forced the closure of a number of refineries in
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