OREANDA-NEWS. December 15, 2011. At the second hearing of a case against “LUKOIL-Permnefteproduct” Ltd. The Appeal Court pronounced legitimacy and reasonableness of the decision of the Office of the Federal Antimonopoly Service in the Sverdlovsk Region (Sverdlovsk OFAS Russia), reported the press-centre of FAS Russia.

On 27th January 2010, Sverdlovsk OFAS Russia found that “LUKOIL-Permnefteproduct” Ltd. violated the antimonopoly law.

In November 2008 – March 2009 Sverdlovsk OFAS Russia received numerous petitions from citizens regarding economically unjustified increase of prices for gasoline in “Yekaterinburg City” municipality.

Having investigated the case, Sverdlovsk OFAS Russia found that “LUKOIL-Permnefteproduct” Ltd. had dominant position on the retail market of gasoline in “Yekaterinburg City” municipality and found that “LUKOIL-Permnefteproduct” Ltd. violated Clause 1 Part 1 Article 10 of the Federal Law “On Protection of Competition”.

”LUKOIL-Permnefteproduct” Ltd. fixed (maintained) monopolistically high prices for gasoline: grade AI-92 in December 2008 – January 2009, grade АI-95 (96) - in December 2008 – February 2009.

“LUKOIL-Permnefteproduct” Ltd. 20 million Rubles for committing the antimonopoly violation.

“LUKOIL-Permnefteproduct” Ltd. filed a lawsuit challenging the decision of Sverdlovsk OFAS Russia. The Court of First Instance and the Appel Court allowed the company claim.

At the second hearing, Sverdlovsk Regional Arbitration Court pronounced legitimacy of the decision made by the antimonopoly body.

The Appeal Court also accepted the arguments of Sverdlovsk OFAS Russia.

The decision of the antimonopoly body that “LUKOIL-Permnefteproduct” Ltd. had fixed monopolistically high prices for gasoline: grade АI-92 - in December 2008 - January 2009, grade АИ-95 (96) – in December 2008 – February 2009 – came into effect.