GOVERNMENT REGULATION - A FACTOR OF INCREASING COMPETITIVENESS (FOR EXAMPLE, THE COMMODITY MARKET OF OIL PRODUCTS)
Petroleum product market today is characterized by a lack of transparent pricing, non-competitive activities of vertically integrated oil companies, leading to a reduction in the number of participants in wholesale and retail markets, and thus to further monopolize the market and the need to fulfill the demands placed on technical regulations for motor fuel. This article considers the state regulation, which acts as a factor in competitiveness and aimed at creating the conditions of functioning, independent of economic entities.