The CNMC imposed another fine Repsol, 8.75 mln euros – Investing.com Spain

MADRID (Reuters) – The National Commission of Markets and Competition (CNMC) announced Monday that it has imposed on Repsol (MADRID fined 8.75 million euros for breaking a sanctions resolution passed in 2009 by indirect fixing of prices at service stations.

A Repsol spokesman said the company would appeal the fine before the Audiencia Nacional.

In addition, the CNMC said it has fined 2.5 million euros to Cepsa and BP 0.75 million for the same concept.

“The CNMC has made various measures since 2010 to monitor compliance with the sanction. They detected that Repsol has not complied with resolution 2009 regarding the exclusive supply contracts signed by Repsol independent third party operators, “the regulator said in its note.

This is the second fine imposed by the CNMC to Spanish oil, which has sparked a fierce battle between the companies and the body, which Repsol accused of acting against businesses.

The CNMC late February imposed a fine of over 30 million euros a 5 oil by covenants and information exchanges to fix prices between 2011 and 2013.

“The CNMC shows his contempt for the law and demonstrates once again his aversion to companies, “said a spokesman for Repsol.

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