Gas2Liquids appeals exemption given to oil companies
Gas2Liquids, a wholesaler that imports petroleum products, has
filed an appeal against the exemption granted by the Competition
Commission to the South African Petroleum Industry Association
(SAPIA) and its members last year.
In its application to the Competition Tribunal, Gas2Liquids alleges that the Commission should not have granted the exemption as only a limited number of industry participants could benefit from the exemption. It claims that the information sanctioned by the exemption enables large oil companies to maintain their allocated markets and market share without the need to improve infrastructure.
The Commission's response to the application is that the exemption does not give SAPIA's members carte blanche to cooperate with one another.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.