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Austrian fuel market sector inquiry report finds no direct cartel, market-power abuse

( August 22, 2022, 10:42 GMT | Official Statement) -- MLex Summary: Higher fuel prices in Austria are not the result of a lack of competition among filling stations, the national competition agency said today, issuing its final report on its sector inquiry into the domestic fuel market. Price hikes at filling stations are mainly due to higher international price evaluations for diesel and petrol. But oil refineries have posted strongly increased profit margins in the months following Russia's invasion of Ukraine, the authority found.Statement follows. The report in German is attached. ...

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