Proceedings of the Workshop on "Monday Effect – Fuel Price Manipulation"

15-01-2014

Significant price changes on certain days in a week or periods of the year indicate that fuel price movements do not exclusively depend on supply and demand. A number of Member States, for instance Germany, The United Kingdom and Spain have already started to investigate the issue; instruments to enhance price transparency have been established in some of them. The European Commission has launched enquiries. Fuel prices must now be reported to the European Commission. Recently the OECD also published a report on the matter. The aim of the workshop is to have a look into the development of fuel prices in the EU. The results of the discussion will feed into the deliberations on competition policy in the ECON committee.

Significant price changes on certain days in a week or periods of the year indicate that fuel price movements do not exclusively depend on supply and demand. A number of Member States, for instance Germany, The United Kingdom and Spain have already started to investigate the issue; instruments to enhance price transparency have been established in some of them. The European Commission has launched enquiries. Fuel prices must now be reported to the European Commission. Recently the OECD also published a report on the matter. The aim of the workshop is to have a look into the development of fuel prices in the EU. The results of the discussion will feed into the deliberations on competition policy in the ECON committee.

External author

Sean ENNIS (OECD, Paris, France), Milagros AVEDILLO CARRETERO (Comisión Nacional de los Mercados y la Competencia, Madrid, Spain), Marta GARCÍA ÁLVAREZ (Comisión Nacional de los Mercados y la Competencia, Madrid, Spain), Sandro GLEAVE (Bundeskartellamt, Bonn, Germany), Frode STEEN (Norwegian School of Economics, Bergen, Norway), Jordi RIPOLLÉS PIQUERAS (Universitat Jaume I, Castellón, Spain) and Jürgen ALBRECHT (Allgemeiner Deutscher Automobil Club e.V. - ADAC, Munich, Germany) , Authors: Lewis CROFTS (MLex, Brussels, Belgium - for the summary of the workshop discussion) and Robert-Jan JARVIS (background, under the supervision of Doris KOLASSA and Stephanie HONNEFELDER)