Petrol importers’ property apprehended - News.MN

Petrol importers’ property apprehended

Old News! Published on: 2013.04.18

Petrol importers’ property apprehended

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According to a decision made by both the primary and appeal court, the Authority for Fair Competition and Consumer Protection (AFCCP) imposed a 17 billion MNT fine to petrol importer companies. Therefore the Capital City Court Decision Enforcement Department has taken action to collect the owed fines. Petrol importer companies M-Oil, Oinbirj and MagnaiTrade so far have paid some of the fines.

The Authority for Fair Competition and Consumers Rights imposed the 17 billion MNT fine for the fuel importers` illegal actions of increasing fuel prices up by 230 MNT last January. It was revealed that domestic petrol importers were working together to increase fuel prices without grounds to do so.

For the enforcement efforts the Capital City Court Enforcement Department sealed six gas stations and restricted 19 vehicles in traffic of the petrol importer company, Shunkhlai LLC. A vehicle of Petrojump LLC was seized and four properties, three gas stations and a 12 story office building of MagnaiTrade LLC in Khan-Uul and Sukhbaatar District were detained. Also 30 vehicles belonging to the company were restricted.

The Capital City Court Enforcement Department also apprehended 5500 square meters of land owned by M-Oil in Bayanzurkh District and Lexus-470 and 570 vehicles as well as temporarily cancelling the sale rights of four gas stations belonging to Oinbirj LLC in Sukhbaatar, Bayanzurkh and Nalaikh District from March 1st.

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