| | |  Business News 
Mexico's Antitrust Regulator Fines Truckers For Price Fixing
 Dow Jones Newswires
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June 15, 2010
 |  | By avoiding competition, the firms forced consumers to pay artificially high prices for cargo transport services. |  | | |
Mexico City - Mexico's antitrust regulator said Monday it has fined a local trucking chamber and five trucking companies for colluding to raise charges in response to higher fuel prices.
The fines total 31 million pesos ($2.4 million), including a double fine on the National Chamber of Cargo Transport, or Canacar, for being a repeat offender, the Federal Competition Commission, or CFC, said in a press release.
The Mexican government, which sets prices in the state-run energy sector, at the end of last year lifted a yearlong freeze on gasoline prices and continued with gradual increases in diesel fuel prices as international crude oil prices recover from the lows of last year's global recession.
The decision to reduce the level of fuel subsidies drew objections from trucking and passenger transport lobbies.
The CFC said it voted 4-1 in favor of the sanctions, after determining that the companies had fixed a uniform charge for users of trucking services.
"This collusion didn't allow the companies to decide, individually, whether to transfer this cost to their users or to absorb it totally or partially," CFC said.
The CFC said the ruling and fines can be appealed. A Canacar spokesman was unavailable to comment.
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