The Express Tribune·3 min read·medium

Rs60m penalty slapped on edible oil tanker owners

O
Our Correspondent
Rs60m penalty slapped on edible oil tanker owners
AI Summary

The Competition Commission of Pakistan has fined the All Pakistan Edible Oil Tanker Owners Association Rs60 million for price fixing and market allocation. The commission found that the association restricted competition by setting transportation rates and managing a queue system for consignments.

Why it matters

This enforcement action highlights regulatory efforts to prevent anti-competitive practices in essential supply chains, which directly impact consumer prices for food staples.

Dive DeeperCreate a free account to unlock

--> Home Business Rs60m penalty slapped on edible oil tanker owners Competition authority blames association for price fixing, business allocation

facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Competition Commission of Pakistan. PHOTO: TWITTER/CCP ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs60 million on the All Pakistan Edible Oil Tanker Owners Association (APEOTOA) for fixing transportation charges and allocating business among tanker owners through a restrictive queue system, in violation of Section 4 of the Competition Act, 2010. The commission imposed Rs30 million each for price fixing and market allocation.

The case originated from the CCP's market surveillance, which detected circulars fixing transportation charges for edible oil, ghee and fats from Karachi ports to destinations across Pakistan. A suo motu enquiry was initiated in August 2024, followed by search and inspection in February 2025.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
businesseconomy

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in