Taiwan’s two largest oil suppliers, Chinese Petroleum Corp (CPC) and Formosa Petrochemical Corp (FPCC), are being investigated for allegedly colluding to fix oil prices the last two years, the Fair Trade Commission (FTC) chairman, Hwang Tzong-leh. In Taiwan, collusion violates fair trade laws and consumers’ rights. The FTC has received numerous complaints from ordinary…
TAIWAN: Two major oil suppliers being investigated for suspected collusion (MEMBERS ONLY)
Posted on October 11, 2004 by EnergyAsia