{"id":13256,"date":"2026-04-28T12:53:57","date_gmt":"2026-04-28T12:53:57","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/13256\/"},"modified":"2026-04-28T12:53:57","modified_gmt":"2026-04-28T12:53:57","slug":"repsol-subsidies-fined-24-million-for-abusive-practices","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/13256\/","title":{"rendered":"Repsol subsidies fined $24 million for abusive practices"},"content":{"rendered":"

Feb 3 (Reuters) – Spain’s competition watchdog said on Tuesday it was imposing fines totalling 20.5 million euros ($24.2 million) on three companies in the Repsol (REP.MC), opens new tab<\/a> group for what it called an abusive margin-squeeze strategy that harmed independent and low-cost fuel stations.<\/p>\n

The CNMC said Repsol held a dominant position in Spain’s nationwide wholesale market for automotive fuels supplied to service stations, which carries a special duty not to restrict competition.<\/p>\n

Sign up here.<\/a><\/p>\n

The regulator found Repsol raised wholesale prices charged to rival stations between April and December 2022, while simultaneously cutting effective retail prices at its own network for professional customers – mainly truckers.<\/p>\n

Repsol said it firmly rejected the fine and would appeal, arguing the regulator relied on a partial, out-of-context account with methodological and legal flaws and failed to prove either market dominance or any foreclosure effect.<\/p>\n

The company said it acted transparently and in consumers’ interests during the exceptional market conditions of 2022, at the height of the inflation crisis following Russia’s invasion of Ukraine.<\/p>\n

The CNMC’s fine affects Repsol Comercial De Productos Petroliferos, Solred and Campsa Estaciones De Servicio, it said.<\/p>\n

The three companies are also banned from taking part in public tenders related to the supply of automotive fuel for six months, the CNMC added in a statement. The decision can be appealed before Spain’s High Court.<\/p>\n

($1 = 0.8460 euros)<\/p>\n

Reporting by Paolo Laudani and David Latona; Additional reporting by Pietro Lombardi; Editing by Kirsten Donovan<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Feb 3 (Reuters) – Spain’s competition watchdog said on Tuesday it was imposing fines totalling 20.5 million euros…\n","protected":false},"author":2,"featured_media":13257,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[5321,7995,7170,7996,7997,7192,8009,7189,7185,7172,196,7173,7174,7998,7184,7181,7183,7191,7999,8000,8001,8002,7175,8003,8004,8005,7176,7177,7178,8006,7188,7994,7169,127,8007,7992,8008,7195,7193,7993,7194,7179],"class_list":{"0":"post-13256","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-repsol","8":"tag-acb","9":"tag-clj","10":"tag-cmpny","11":"tag-com","12":"tag-crim","13":"tag-destoukbsm","14":"tag-destousesg","15":"tag-destousnrg","16":"tag-emea","17":"tag-ener","18":"tag-energy","19":"tag-enff","20":"tag-eng","21":"tag-enr","22":"tag-es","23":"tag-europ","24":"tag-ezc","25":"tag-fin","26":"tag-fraud1","27":"tag-gen","28":"tag-monop","29":"tag-nrg","30":"tag-oilg","31":"tag-petref","32":"tag-petwhl","33":"tag-prod","34":"tag-publ","35":"tag-refi","36":"tag-refi1","37":"tag-regs","38":"tag-repifuel-oil","39":"tag-repipetrochemicals","40":"tag-repirefining","41":"tag-repsol","42":"tag-rfo","43":"tag-rsbiregulatory-oversight","44":"tag-sustainable-business","45":"tag-topcmb","46":"tag-topicenergy-oil-gas","47":"tag-topicmarkets-commodities-energy","48":"tag-topnws","49":"tag-weu"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=13256"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/13257"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=13256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=13256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=13256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}