Overview
- CNMC concluded Repsol held a dominant wholesale position and raised rivals’ diesel purchase prices while offering extra discounts at its own stations, creating a margin squeeze.
- The sanction includes a €20.5 million fine and a six-month prohibition on Repsol Comercial, Campsa, and Solred bidding for public Gasóleo A supply contracts.
- Payment of the fine is set on a joint-and-several basis across Repsol Comercial, Solred, Campsa, and parent companies Repsol Customer Centric and Repsol, S.A.
- The conduct occurred between April and December 2022 during exceptional fuel volatility, with Gasóleo A prices in Spain exceeding gasoline for six months and hurting low-cost independents and professional customers.
- Repsol rejected the decision and said it will appeal, arguing the case misreads the 2022 context and that its widely publicized discounts did not exclude competitors.