The Competition Commission of Pakistan (CCP) has taken notice of the public concerns and complaints regarding the shortage of petroleum products in the country and initiated an enquiry to see whether such shortage is the result of any anti-competitive activity.
The CCP is empowered under the Competition Act, 2010 to ensure that businesses do not engage in anti-competitive activities including abuse of dominant position or cartelization that may result in the shortage of supplies or unreasonable increase in prices of products, stated a press release.
A sudden shortage of fuel across the country at a time when the Government has reduced prices followed by low demand due to COVID-19 pandemic, raises suspicion that artificial shortage might have been created either by limiting supply at the Oil Marketing Companies, and/or hoarding at the distributor level.
Full Content: Ur DuPoint
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