Repsol, BP, Spain Face Fuel Market Abuse Complaint by Hatta (2)

Repsol SA, BP Plc and slate of other oil firms have been accused of abusing market dominance and anti-competitive practices in a complaint filed by a Spanish wholesaler of refined fuels.

Hatta Energy SL alleges that “coordinated corporate behaviors and state actions” are restricting competition in Spain’s hydrocarbon wholesale distribution market, according to a complaint filed at European Commission’s competition watchdog seen by Bloomberg.

Little known outside the energy industry, Hatta has emerged as a significant player over the past five years to become the fourth largest wholesaler of refined fuels. It has increased revenue to €3.5 billion in ...