Japanese oil firms charged in price cartel investigation

Five major Japanese oil distributors have been formally charged with colluding to fix prices on gas oil sales, marking a significant enforcement action in the country's ongoing battle against anticompetitive practices. The Tokyo District Public Prosecutor's Office announced the indictments following a criminal complaint filed by the Fair Trade Commission (FTC). The companies named include East Japan Usami based in Tokyo, Eneos Wing of Nagoya, and Enex Fleet of Osaka, among others. This developme