Turkey's Energy Market Regulatory Authority, EMRA, imposed fines totaling $1.2 million to nine fuel companies for breaching market regulations, according to a statement in the official gazette on Friday.
Six fuel companies located in various cities in Turkey received $1.2 million (4.4 million Turkish Liras) in fines. The fines varied from buying oil from illegal suppliers, possessing products without the required level of marker that is necessary to determine nationally produced fuel products, and interfering in the automatic control systems of the fuel dispensing pumps.
Additionally, EMRA publically notified in the official gazette that 41 fuel stations failed to submit their required official source information in 2017, which they are now obliged to send in 15 days from the notification.
The regulatory authority requested written defense statements from three more companies in contravention of EMRA's regulations, according to the official gazette.
By Muhsin Baris Tiryakioglu