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Oil price increase announced as illegal www.gogo.mn
Mongolian Trade Union made press session today, describing fuel price growth by Petrovis and Shunkhlai LLC as illegal.
Petrovis and Shunkhlai LLC have added fuel price by 50-100 MNT last weekend.
"Fuel price shall be increased based on the decision and discussion that made by relevant authorities. However, Petrovis snd Shunkhlai LLC have not proposed discussion even, they have not warned the people, resulting violation of competition law", said Head of Mongolian Trade Union Kh.Amgalanbaatar.
In regards, the union stated to submit proposal and requirement to the Government and the Prime Minister.
Under the competition law, If a company increase fuel price arbitrary, the company must pay customer for damages.
As of today, about 70 percent of imported fuel of Mongolia is supplied at wholesale price to few big companies.
Published Date:2017-02-07
