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Rosneft Accused In Forcing Gasoline Prices

Russia's anti-monopoly service said on Tuesday it had launched a probe into state oil giant Rosneft for using its dominant position to force gasoline prices up in a Siberian region

Rosneft Accused In Forcing Gasoline Prices

Russia's anti-monopoly service said on Tuesday it had launched a probe into state oil giant Rosneft for using its dominant position to force gasoline prices up in a Siberian region.

According to the Federal Anti-Monopoly Service (FAS), the crude producer breached competition laws by abusing its dominant position at auctions to sell its automobile fuel in East Siberia's Irkutsk Region.

Zamorina said Rosneft's actions affected end users of gasoline in the Irkutsk Region who had to pay 3.5 rubles ($0.15) more per liter than in the neighboring Krasnoyarsk Region.

However, Rosneft said it controlled less than 40 percent of the retail petroleum product market in the Irkutsk Region and that the company's wholesale prices are the lowest in the region.

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