A Study of Competitive Behavior on Import, Refinery and Common Resources Utilization of the Petroleum Firms—From the Competitive Law Perspective
 

Abstract

Liberalization, in its rigorous form, means the Lifting of once regulated restrictions and promote active competition. Ever since the implementation of Fair Trade Law in 1992, fair competition has become the main theme of our industrial policy. In particular, the petroleum market is undergoing the liberalization process. Lifting unnecessary restrictions and introducing competition have become the major policies for the supply of petroleum and its product in Chinese Taipei.

In order to promote and facilitate competition in the petroleum market, there are some major issues to be required further clarification. For instance, the utilization of key resources in the industry may prevent actual competition from taking place. Furthermore, as multiple firms joint the market, the coordinating mechanism between government sectors may be another key factor for effective competition. In order to build a competitive and efficient petroleum market, we need to study the key elements of petroleum market competition, as valuable references for the Fair Trade Commission.