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Bloomberg: Shell Fined $21 Million by Argentina Over Gasoline, Clarin Says

By Kristian Rix

Jan. 18 (Bloomberg) — Royal Dutch Shell Plc was fined 66 million pesos ($21 million) in Argentina for failing to return gasoline prices to their Oct. 31 level, newspaper Clarin said, without saying where it got the information.

The Argentine government stopped companies from exporting gasoline to ensure domestic supplies and asked for prices to be cut. Shell didn’t comply with the request and is being fined for endangering supplies, Clarin said.

To contact the reporters on this story: Kristian Rix in Madrid at [email protected] .

Last Updated: January 18, 2008 04:35 EST

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