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CADE Tribunal says Ipiranga can go forward with fuel price-cap policy

( June 30, 2021, 19:33 GMT | Official Statement) -- MLex Summary: Brazilian fuel distributor Ipiranga can move forward with its price-cap policy, the Brazilian competition authority's Tribunal ruled. The company had filed a consultation request with the Administrative Council for Economic Defense, or CADE, asking whether its planned price-cap policy could be perceived as a violation of the Brazilian competition law. In a decision today, the Tribunal said the policy is allowable. The effects of Ipiranga’s new policy will be analyzed by CADE’s Economic Department in two years.CADE statement follows below in Portuguese:...

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