Spain's competition authority fines Repsol €20.5 million for abusing dominant position

Spain's competition authority fined Repsol €20.5 million and banned it from public contracts. The National Markets and Competition Commission (CNMC) found Repsol abused its dominant position during the energy crisis. It allegedly overcharged competitors for wholesale fuel while offering discounts to its own service station customers. Repsol denies the allegations, calling the decision flawed and vowing to appeal. The CNMC's investigation covered April to December 2022, a period of high fuel prices following Russia's invasion of Ukraine.