Ukrnafta intends to appeal against AMCU ruling
Ukrnafta intends to appeal against AMCU ruling

Yesterday, the Antimonopoly Committee of Ukraine ruled that anticompetitive concerted actions had taken place on the oil products market. For unclear reasons, the ruling included Ukrnafta. . The meeting was organised with gross violations of regulations and red zone quarantine restrictions in place in Kyiv. Despite the restrictions, more than 100 representatives of companies from all regions of Ukraine, including our employees, were kept behind closed doors for nine hours for unknown reasons, and in this format, no one listened to their arguments. During this time, Ukrnafta representatives were strictly limited in their statements and given 5 minutes to present their position.

 

We are certain that the decision is biased and does not reflect real situation. Therefore, Ukrnafta intends to challenge the AMCU's decision in court.

 

Oleg Gez, Chairman of the Management Board of Ukrnafta, said: "Ukrnafta is the largest national oil company. At our filling stations we sell domestic oil products to Ukrainian consumers at affordable prices, which is especially important in times of price instability. The company complies with anti-competition laws in good faith and considers the AMCU's accusations groundless.

 

Most of time, it is our company that offers the lowest prices for oil products produced from Ukrainian oil. Our position has always been a deterrent on the Ukrainian fuel market. We thought that this is what the authorities and the government were interested in. The logic of this decision is surprising, to say the least. The format of its hasty implementation and adoption with a huge number of violations both in form and substance of the consideration of the issue, according to many market players, has no precedent in the history of Ukraine. Under such circumstances, Ukrnafta will consistently defend its position and will definitely be forced to go to court to appeal against such a decision of the AMCU.