Market Chatter: Lukoil to Face Lawsuit Over Alleged Franchisee Overpricing

07:35 AM EDT, 10/04/2026 (MT Newswires) -- Lukoil (LKOH.ME) will face a lawsuit from 29 franchisees over alleged overcharging, Bloomberg News reported on Oct. 2. The lawsuit follows the New Jersey state court's decision to reject the Russian oil and gas company's motion to dismiss the lawsuit filed by 20 New Jersey-based franchisees and nine Pennsylvania-based franchisees. The lawsuit alleges that Lukoil charged excessively high gasoline prices to offset the revenue losses from US sanctions. Lukoil did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)