OTTAWA, April 17, 2015 /CNW/ - Les Pétroles Global Inc. has been fined $1 million by the Quebec Superior Court in Sherbrooke today for its role in fixing the price of retail gasoline in Victoriaville, Sherbrooke and Magog, Quebec.
The Ontario company was charged in June 2008 following an investigation by the Competition Bureau and found guilty of price-fixing in August 2013.
This case was part of a wider Bureau investigation that resulted in charges being laid against 39 individuals and 15 companies in 2008, 2010 and 2012 for their role in a gasoline price-fixing conspiracy in four local markets in Quebec. In addition, four companies pleaded guilty in 2012 to fixing the price of gasoline in three local markets in Ontario. To date, 33 individuals and eight companies have pleaded or were found guilty with fines totalling over $4 million. Of the 33 individuals who have pleaded or were found guilty, six have been sentenced to terms of imprisonment totalling 54 months.
"Businesses that conspire to fix prices drive up costs for consumers. Pursuing those who fix prices is a top priority for the Bureau. This fine demonstrates that the risks and penalties of not complying with the law can be very damaging."
Commissioner of Competition
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
SOURCE Competition Bureau
For further information: For media enquiries, please contact: Media Relations, Telephone: 819-994-5945, Email: email@example.com; For general enquiries, please contact: Information Centre, Competition Bureau, Telephone: 819-997-4282 ,Toll free: 1-800-348-5358, TTY (hearing impaired): 1-800-642-3844, www.competitionbureau.gc.ca; Enquiries/Complaints; Stay connected