MOSCOW Oct 30 Russia's anti-trust watchdog,
known as FAS, said on Thursday that the Russian oil firms
Rosneft (ROSN.MM) and LUKOIL (LKOH.MM) have broken competition
laws on the domestic product market.
State-controlled Rosneft, which is the largest oil firm in
the country, and no. 2 oil privately-owned oil company LUKOIL
have abused dominant positions on the wholesale market of oil
products, such as diesel, jet and fuel oil, FAS said.
"The amount of the fine will be determined in a month's
time," a representative at the anti-monopoly service said.
In mid-July FAS challenged Russia's five largest oil firms,
Rosneft, LUKOIL, Gazpromneft (SIBN.MM), TNK-BP TNBPI.RTS and
Surgutneftegaz (SNGS.MM) over high fuel prices.
(Reporting by Amie Ferris-Rotman and Vladimir Soldatkin)