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Markets :: Basic Chemicals :: Petrochemicals :: Propylene
Sasol to defend propylene and PP pricing policies before competition tribunal
11:24 AM MDT | May 13, 2013 | Francinia Protti-Alvarez
The Competition Tribunal (Pretoria) is set to hear next week the case brought against Sasol by the Competition Commission (Pretoria), under which Sasol was accused of charging excessive prices for propylene and polypropylene (PP) in the South African market, the tribunal announced today. The commission says that Sasol charged excessive prices to the detriment of consumers and the commission has requested that the tribunal impose a penalty equivalent to 10% of Sasol’s 2009 revenue for the alleged contraventions. Sasol's sales in 2009 were 22.1 billion rand...
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