Shell cuts prices forcing competitors to follow suit

07-08-2012

Shell service stations around the Czech Republic have dramatically cut fuel prices forcing competitors to follow suit. Shell unexpectedly started selling the top selling Natural 95 petrol for 34,90 crowns per litre this week, approximately two crowns below the average, making some 100 rival service stations cut their own prices. Rival companies have filed a complaint at the anti-monopoly office. Shell has refused to comment on its price policy.