Score breakdown

OMV Petrom S.A. Rotten Score Breakdown

Corporate Misconduct

15.0pts

Rotten to the core

Avg Rating: 5.00Ratings: 1Severity Score: 3.00Evidence Count: 1Contribution: 15.0 pts

Misconduct: low 0 · medium 1 · high 0

Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%

OMV Petrom fined in Eco Premium gasoline cartel case

Romania's Competition Council found that OMV Petrom and five other fuel companies participated in an agreement or concerted practice to stop selling Eco Premium gasoline, infringing Romanian competition law and Article 101 TFEU. The authority initially fined OMV Petrom RON 366.53 million. OMV Petrom challenged the decision; in April 2016 Romania's High Court partially annulled the decision as to the amount and reduced OMV Petrom's fine to about RON 298 million, with the ruling final. Sources: https://www.oecd.org/content/dam/oecd/en/publications/reports/2013/11/competition-in-road-fuel_24734d9e/272e3238-en.pdf and https://www.omvpetrom.com/