Turkey's Energy Market Regulatory Authority, EMRA, imposed a total of over $5 million (12.47 million Turkish liras) to 16 fuel companies for breaching market regulations, according to a statement in the official gazette Saturday.
The fines varied from mixing fuel oil with other substances to operating with a cancelled licence, using additional pumps without authorization, and possessing products with invalid marker levels.
In addition, the regulatory authority also requested written defense statements from five more companies for replenishing supplies outside their respective distributors, misusing jet fuel, and possessing products that do not have national markers.
Two other companies were served notices for failing to provide a written defense statement when they were requested to.
EMRA's core responsibility is to regulate energy, oil, natural gas, electricity, petroleum and LPG markets in the country.
By Ovunc Kutlu