Restrictive Trade Practice

“Restrictive trade practice” means a trade practice which has, or may have, the effect of preventing, distorting or restricting competition in any manner and in particular,-

  1. which tends to obstruct the flow of capital or resources into the stream of production, or
  2. (ii) which tends to bring about manipulation of prices, or conditions of delivery or to affect the flow of supplies in the market relating to petroleum, petroleum products or natural gas or services in such manner as to impose on the consumers unjustified costs or restrictions.

Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. Legislation

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