CCI imposes penalty on LPG cylinder manufacturers

 The Competition Commission of India imposed a penalty of Rs 165.58 crore on 48 LPG cylinder manufactureres for forming a cartel while bidding during the tenders floated by Indian Oil Corporation Limited in 2010-11 for the supply of 105 lakh 14.2 Kg capacity LPG cylinders.

The Commission also directed all the contravening parties to “cease and desist” from indulging in such anti-competitive conduct which result in bid rigging.

 

 

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