Petroleum product suppliers settle information sharing complaint
South African petroleum product suppliers have, under a settlement agreement with the Competition Tribunal, agreed to change how they share information.
The Competition Tribunal on Friday confirmed the settlement agreement with the South African Petroleum Industry Association (Sapia), Chevron South Africa, Engen, Shell South Africa, Total South Africa, BP South Africa and Sasol in connection with the sharing of information that allegedly allowed them to track one another’s diesel sales.
An October 2013 investigation by the Competition Commission found that the respondents were involved in exchanging information in aggregated and disaggregated format on a monthly basis; and that they were involved in reviewing the wholesale list selling price of diesel with the Department of Energy, which formed part of their price build-up for diesel.
The companies maintain that the conduct was not unlawful and the commission has elected not to pursue the matter further.
However, the companies have undertaken to only provide data to an independent third party, appointed by Sapia, which will collect and aggregate the data supplied by the respondents. The information that is disseminated to the third-party provider must be aggregated across all market participants and the information disseminated should not be less than three months in arrears.
Other conditions of the settlement include that the information disseminated to an independent third party must be an aggregation of not less than four market participants and that the information can be broken down by trade category per province, subject to it containing an aggregation of no less than the four market participants.
The conditions of the agreement will apply for five years.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
