Novak: there is no need for drastic actions on the winter diesel fuel market

The Russian government is considering all measures to stabilize prices for winter diesel fuel, but so far no drastic actions are required, said Deputy Prime Minister Alexander Novak, who oversees the fuel and energy complex.

During conversations with journalists, transmits RIA Novosti asked him whether emergency measures were needed to stabilize the situation on the winter diesel fuel market, for example, a ban on the export of kerosene.

“We are considering all these possible measures. We believe that there is no need to take any emergency measures at this time,” Novak replied.

October 16 Novak instructed Russian oil companies to increase the production of winter diesel fuel. In addition, Novak instructed the Ministry of Agriculture, together with regional authorities, to continue monitoring the prices of intermediaries when selling fuel to farmers. In problem regions, the Federal Antimonopoly Service (FAS) was instructed to organize inspections of price reductions at gas stations and in the small wholesale segment in accordance with price dynamics on the stock exchange.

On September 21, the Russian government introduced a complete indefinite (“until the situation stabilizes”) ban on the export of diesel fuel and gasoline. But on October 6, additional measures were taken, including the lifting of restrictions on the export of diesel delivered to seaports by pipeline, provided that the company supplies at least 50% of the fuel produced to the domestic market. The decision was made to prevent overstocking of storage facilities, while the measure will allow maintaining the utilization of the refinery, Novak explained.

In addition, the Cabinet of Ministers decided to restore the fuel damper, increase the share of diesel sales on the exchange from 9.5 to 12.5%, and class 5 gasoline from 13 to 15%, and also introduce a protective duty on petroleum products in the amount of 50,000 rubles . per ton for suppliers who buy products for resale.