For years, we have been following the pompous and contentless public “outputs” of this institution that functions by virtue of some so-called objectives of the market economy.
The Competition Council should be the state’s “watchdog” against the abuses of companies and institutions that do not respect the norms and values of the market economy.
Most of the time, however, the Competition Council acts by virtue of its existence and, above all, formally and without economic effects and good management of the market economy.
The most eloquent example is the “Fuel Pump Prices” Analysis, published today, September 14, 2022.
What does the Competition Council tell us? Precise, accurate, without a doubt: “Fuel prices at gas stations have a similar evolution to that of Platts international quotations for gasoline and diesel.”
Does anyone know what Platts quotes are? No, of course, he can’t even know, the Competition Council tells us. “Platts quotes are not public data, and in the long term they tend to follow the same trend as oil barrel prices”, the institution tells us.
How did the Competition Council get the Platts information? By fraud? No, of course. He paid money. Where from? From the contributions that Romanian citizens make for the operation of the Competition Council.
What are Platts quotes? Platts is considered one of the most influential price reporting agencies in the oil sector. Average Platts fuel quotes are recalculated in the national currency according to the official average exchange rate of the national currency against the US dollar for the last 14 days, established by the National Bank of Romania. Nothing secret, nothing unknowable, as the Romanian Competition Council wants to induce us.
So, don’t get impatient, you from the government, or you citizens who would be interested in why gasoline and diesel prices are increasing (or decreasing?). Pay as much as it says on the signs at the gas stations. Which stations? MOL in first place, of course. Is the MOL company the reference for the fuel market in Romania? This is how the Competition Council wants to mislead us.
Another attempt to deceive the good faith of those who read the Competition Council’s ANALYSIS is this: “The analysis, based on data from July 2019 – June 2022, confirmed the previous observations (period 2016 – 2018), namely that prices in Romania follow both increases and decreases in international quotations”.
False, of course. In December 2019, when the Competition Council Report “regarding the investigation of the Romanian motor fuel retail sector” was published, a lot of information, figures and comparisons regarding the fuel market were brought.
Now we only have a simple analysis. We are not told if there will be a final Report of the ANALYSIS.