By Euro Weekly News Media •
Published: 13 Mar 2013 • 11:05
Disciplinary action will be taken against service stations across Spain for lowering prices.
The National Energy Commission carried out a survey and found that in seven out of 10 cases petrol prices were reduced on Mondays and went up again on Tuesdays, sometimes by as much as three cents. The lower prices applied to unleaded 95 and Diesel A.
The Commission said that the fuel companies who are doing this are using ‘practices which alter the normal functioning of the fuel retail market’. They say it is unrelated to international prices or crude oil values and started to occur shortly after the government had announced plans to adopt measures to improve competition in the sector, at the end of 2012.
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