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India: Oil & Gas News

Governmental and Regulatory Updates

1. Competition Commission of India (gCCIh) to investigate against oil marketing companies for suspected cartelisation The CCI may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel]like behaviour of oil marketing companies increasing and decreasing prices of petrol in unison. After carrying out an initial enquiry on the matter, the CCI found that ‘there was no valid reason why Indian Oil, Hindustan Petroleum and Bharat Petroleum were increasing and decreasing price of petrol in unison. More…