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Ecuador: SCPM urges action to protect competition in fuel market

By  |  January 22, 2019

Ecuador’s Superintendency for the Control of Market Power (SCPM) has called on the hydrocarbon sale sector not to engage in practices that could lead to anticompetitive behaviors or which could affect and distort healthy and free competition.

Likewise, a call was made to the Hydrocarbons Regulation and Control Agency (ARCH) to take surveillance actions on the acts of the economic agents that are under its purview, in order to fully and effectively enforce the Law on Hydrocarbons and the Organic Law for the Regulation and Control of Market Power.

The SCPM explained that the purpose of the Law is “to prevent, prevent, eliminate and sanction the abuse of economic agents with market power”. All companies belonging to this sector, whether individuals or legal entities, public or private, national and foreign, are subject to these provisions.

Full Content: Ecuador Inmediato

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