Competition Law | Articles
A Record Fine Was Imposed by the Turkish Competition Authority on Four Major Players Operating in the Fuel Distribution Sector
In March 2020, the Turkish Competition Authority (“TCA”) imposed a hefty fine amounting to approximately TRY 1.5 billion in total (approx. EUR 170 million) on four undertakings operating in the fuel distribution sector, namely BP Petrolleri A.Ş. (“BP”), OPET Petrolcülük A.Ş. (“OPET”), Petrol Ofisi A.Ş. (“PO”) and Shell & Turcas A.Ş. (“Shell”) . The fine was based on the premises that the concerned undertakings violated Article 4 of the Law No. 4054 on the Protection of Competition (“Competition Law”) via the resale price maintenance practices which is often on the TCA’s agenda in the recent times.
