The Bundeskartellamt has concluded its sector inquiry into the refining and wholesale of fuels, presenting a comprehensive final report that outlines the current market structures and pricing mechanisms within the German mineral oil sector. The report identifies key parameters that could be adjusted to enhance competition in this sector.

Andreas Mundt, President of the Bundeskartellamt, emphasized the difficulties in achieving effective competition in the German mineral oil market, which is heavily reliant on crude oil imports. The market is characterized by vertical integration among oil companies and high transparency across the value chain, which complicates competitive dynamics.

The inquiry revealed that price assessments play a crucial role in determining prices at various levels of the fuel supply chain. These assessments, primarily provided by two companies, are based on market reports and can influence pricing in long-term supply contracts. The Bundeskartellamt found that while price assessments are not inherently anti-competitive, their current compilation methods pose risks, including potential collusion among market players and manipulation of price data.

Additionally, the report highlights the limited options for regional fuel procurement, as commercial buyers often rely on local suppliers due to high transport costs. This lack of alternatives restricts competition and can lead to higher prices for consumers.

The frequency of price changes at petrol stations has also increased dramatically, complicating consumers' ability to compare prices and make informed refueling decisions. The Bundeskartellamt suggests further examination of these price fluctuations to consider appropriate regulatory measures.

This inquiry was initiated in response to significant fuel price increases following Russia's invasion of Ukraine, which prompted a detailed analysis of market conditions and pricing structures. The final report is a culmination of extensive research involving various stakeholders in the fuel supply chain.