Turakurgan oil depot ordered to refund 3.5 billion UZS for overcharging on diesel fuel
The Competition Committee has ordered the enterprise to return the overpaid amount of 3.5 billion UZS.
The Competition Committee reported an investigation into the Turakurgan oil depot, which is part of the state company "Uzbekneftegaz."
According to the agency, the enterprise inflated the selling prices of diesel fuel for farming enterprises. Currently, the prices are set at 5400 UZS per liter.
The oil depot received 2.75 billion UZS in unjustified income from fuel sales. Additionally, 826.5 million UZS were obtained by inflating prices when selling fuel in limited quantities through direct contracts on the exchange.
A special commission determined that the actions of the Turakurgan oil depot and "Uzbekneftegaz" violated the regulations on the sale of monopoly and highly liquid products. The enterprise was ordered to return the overpaid amount of 3.57 billion UZS.
The Turakurgan oil depot attempted to appeal the Committee's decision in court. However, its claim was dismissed, and the decision remained in force.
In June, the Competition Committee initiated a case against "Navoiazot" regarding price manipulation of mineral fertilizers. The Tashkent court rejected the state enterprise's appeal.
Related News
19:12 / 06.12.2024
Russia’s oil supply to Uzbekistan via Kazakhstan surges
12:04 / 23.11.2024
Uzbekistan sees decline in gas and oil production amid rising exports and imports
16:53 / 25.10.2024
Afghanistan plans to boost oil production in Amu Darya Basin with new wells
18:34 / 21.10.2024