Competition Commission initiates Investigation
Competition Commission Chairman Ashok Chawla has revealed that a rise has been witnessed in unfair market practices. In order to look into the matter, they have initiated an investigation.
Around 26 cases of alleged anti-competitive issues will be investigated, said Chawla. With passage of time, it has been seen that more number of people has been getting aware of the competition norms.
It is the Competition Commission of India (CCI) which has to look after the anti-competitive practices taking place in a number of sectors. It has been said that an investigation against oil marketing companies has also been taking place.
It has been alleged that the companies have been indulging into the practice of cartelization for price of petrol. It is such a practice in which association of manufacturers or suppliers maintain price at a high level so that they are able to restrict competition.
"We are in the process of sending them an order which will ensure that there is investigation to see what is happening in terms of petrol prices", said Chawla.
Chawla told that they have even written a letter to the Petroleum Ministry in order to discuss the issue. But the ministry has affirmed that they have no involvement in the issue. Moreover, they do not control the price of petrol.