Spanish Competition Watchdog Closes Investigation on BP, Repsol, Moeve
21 april, 12:07
06:07 AM EDT, 04/21/2026 (MT Newswires) -- Spain's National Commission for Markets and Competition terminated its investigation of BP (BP.L), Repsol (REP.MC), and Moeve, formerly Cepsa, for alleged price-fixing agreements and abuse of dominant market position.
The regulator decided not to launch sanctions proceedings against the oil companies after finding no evidence they shared information or colluded to boost their market share as fuel prices rose after Russia invaded Ukraine in 2022, according to a Tuesday release.
However, the watchdog fined Repsol 20.5 million euros in January in a separate case for abusing its dominant position in the wholesale market for diesel distribution to gas stations.
Spanish Competition Watchdog Closes Investigation on BP, Repsol, Moeve
21 april, 12:07
06:07 AM EDT, 04/21/2026 (MT Newswires) -- Spain's National Commission for Markets and Competition terminated its investigation of BP (BP.L), Repsol (REP.MC), and Moeve, formerly Cepsa, for alleged price-fixing agreements and abuse of dominant market position.
The regulator decided not to launch sanctions proceedings against the oil companies after finding no evidence they shared information or colluded to boost their market share as fuel prices rose after Russia invaded Ukraine in 2022, according to a Tuesday release.
However, the watchdog fined Repsol 20.5 million euros in January in a separate case for abusing its dominant position in the wholesale market for diesel distribution to gas stations.
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