After an Investigation

Fourteen Oil Companies Fined Over EUR 4 Million by competition authority for price collusion in Kosovo*

The Kosovar Competition Authority (“KCA”) imposed a EUR 4 million fine in total in early May 2020 on fourteen oil companies for collusion on retail prices of fuel in 2018.

As stated by the President of KCA, the investigation that encompassed both retail and wholesale levels of the market was launched in early 2019 following a lack of an appropriate reaction by local companies to the oil price decreases on the international market at the end of 2018. The KCA noted that, despite changes in the international market, the oil prices in Kosovo remained the same.

During the investigation, the KCA established that the oil companies tacitly coordinated to increase oil prices, which was done simultaneously by all fourteen oil companies on the retail level. By colluding in that manner, the companies recorded a significant increase in gross profits in November and December 2018 when compared to an average gross profit in the period January-October 2018.

The KCA did not prove any infringement on the wholesale market and thus companies that were active on the wholesale level of the market alone have not been fined.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
* This designation is without prejudice to positions on status and is in line with UNSC 1244 and the ICJ Opinion on the Kosovo declaration of independence.