Wednesday, March 16, 2022

Teuer, expensive, chère, cara...


Robert Habeck, the German Minister for Economic Affairs and Climate, asked the German Competition Authority (per Tweet?) to assess weather mineral oil companies were behaving abusively ("Could be"). The Bundeskartellamt replied by press release (only in German at the time of writing). The Authority is not concerned with oil price swings per se, but "[I]f crude oil prices now fall again and petrol station prices do not follow suit or even rise further, we have to take a close look. This includes several market levels: from the crude oil market to the refineries and wholesalers to the petrol station operators." How national are these markets (still) today, actually?