October 22, 2021

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The British government will relax the Economic Protection Act in a bid to improve gasoline supplies

The British government will relax the Economic Protection Act in a bid to improve gasoline supplies

This will allow companies to work together more effectively.

Sep 27, 2021 at 5:35 pm SITA

Bratislava. The British government will suspend competition law enforcement for oil companies so they can supply petrol stations in a targeted way after the country was hit by a state of panic in recent days. Purchase fuel.

According to British officials, the move will make it easier for companies to share information and prioritize those parts of the country where gasoline shortages are greatest.

Related articles They panicked. Britain’s fuel crisis is gaining momentum is reading

The portal reports it bbc.com.

British Business Minister Kwasi Quarting said allowing the oil industry to share information would mean companies could work together more effectively to reduce supply disruptions.

The British government also relaxed competition law in March 2020 to help supermarkets operate to maintain food supplies.

Oil companies, including Shell, ExxonMobil and Greenergy, emphasized in a joint statement that supply pressures in Britain had caused “temporary growth in consumer demand rather than a nationwide shortage of fuel”.

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