( October 7, 2026, 03:00 GMT | Official Statement) -- MLex Summary: SK Energy and HD Hyundai Oilbank face possible fines over alleged collusion in the sale of gasoline, diesel and kerosene, after South Korea’s antitrust regulator formally opened deliberations in the case. The Korea Fair Trade Commission said Wednesday its examiners found that the refiners exchanged information on deposit prices, final prices and sales policies for about four years from February 2022 to March 2026, and colluded on deposit prices after the US-Iran war, affecting about 44.1 trillion won ($33 billion) in sales. The examiners concluded the conduct constituted serious violations of the Monopoly Regulation and Fair Trade Act’s price-fixing and information-exchange provisions and recommended corrective measures and fines. The companies have eight weeks to submit written responses before the commission decides whether the law was violated and, if so, the level of sanctions.Statement is attached (in Korean)....
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