The Competition Commission of India will “very soon” finalise the probe into alleged cartelisation among oil marketing companies in fixing petrol prices.
CCI Chairman Ashok Chawla today said that the regulator is in the process of finalising the probe against oil marketing companies with regard to alleged cartelisation in fixing the prices of petrol.
“We are in the process of finalising the probe very soon,” Chawla said.
“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,” he told reporters here.
Earlier, CCI had written to the Petroleum Ministry on the issue, but the Ministry had said that it has no role in deciding the prices of petrol as it is a deregulated commodity.
Meanwhile, regarding the case of alleged abuse of dominant position by Coal India, Chawla said CCI has received the investigation report from its Director-General.
“The Commission as a whole will look at the matter and then take a decision,” he said.
The Director-General is the investigation arm of CCI. It probes cases where the Commission has found prima facie evidence of violating the competition norms.