-- Spain's National Markets and Competition Commission, or CNMC, has shelved its investigation into BP (BP), Repsol, and Cepsa's alleged collusive practices and abuse of their dominant market position, according to a translation of a Tuesday statement from the regulator.
The CNMC was probing complaints filed in 2022 by two industry associations, accusing the companies of colluding to boost their market share on the backdrop of fuel price increases triggered by the conflict between Russia and Ukraine.
No evidence of companies' collusion was found, said the CNMC.
BP, Repsol, and Cepsa, currently known as Moeve, did not respond to' requests for comments.