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Irish Independent: Italians probe fuel ‘fixing’

Published: Jan 24, 2007

ITALY’S antitrust watchdog has opened a probe into possible price-fixing by nine oil companies, including Eni SpA and the Italian units of Royal Dutch Shell, Total SA and Exxon Mobil, the regulator said yesterday.

The nine companies could have been sharing information since the end of 2004 to set gasoline prices in the country’s service station network.

This had the effect of limiting competition and keeping prices at the pump at one of the highest levels in the European Union, the Italian Competition Authority said.

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