Competition office GVH has concluded a procedure against Hungarian oil and gas company MOL over abuse of dominant position by accepting the company’s commitments on pricing of wholesale diesel prices. GVH also fined MOL HUF 150 million. The procedure began in 2010. Under the commitments, MOL’s wholesale diesel list prices will follow the changes of Platts price quotes more closely and/or within a range of plus/minus 1% on annual average in the next five years. MOL said it welcomed GVH’s decision, noting that the office found no evidence the company infringed the law on five of six issues it examined.
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