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PostPosted: Thu Nov 16, 2017 11:10 am 
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Rock Star
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Joined: Fri Feb 08, 2013 9:40 am
Posts: 1242
Location: Tala
It would seem the probe initiated in 2014 into collusion between the various oil companies to fix prices, has finally delivered it's verdict!

http://cyprus-mail.com/2017/11/15/fuel-companies-fined-price-fixing/

It would seem that the fine has been 'moderated' following a Supreme Court challenge by the companies, down from the initial 43m euros to the current 21m - hardly punitive IMHO.

I'm wondering just how much the companies made & indirectly the Government, during the somewhat protracted period it has taken to reach this judgement?

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PostPosted: Thu Nov 16, 2017 12:23 pm 
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Joined: Tue Sep 26, 2017 2:11 pm
Posts: 1121
Location: Zygi, formerly Israel
We have started buying our fuel over in the "north". There it is one price as set by their "government" and quite a bit cheaper than this side.
Amos.


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PostPosted: Thu Nov 16, 2017 12:31 pm 
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Joined: Mon Nov 05, 2012 11:30 pm
Posts: 1128
Location: Lincolnshire was Sea Caves & Cumbria
Price fixing is not just a Cyprus thing it is world wide, as normal citizens we cannot do anything about it.


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