Shulginov acknowledged the impact of the exchange rate and refinery repairs on the fuel market
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Energy Minister Nikolai Shulginov said that the wholesale fuel market is affected not by the adjustment of the damping mechanism to curb prices, but by the exchange rate and the unscheduled shutdown of several refineries.
“The situation on the wholesale market is now more aggravated by other factors: the exchange rate, the unscheduled shutdown of a number of refineries. We expect that they will begin to return to duty today or tomorrow,” Mr. Shulginov said in an interview “RIA News” within the framework of the WEF.
The fuel crisis in Russia arose in August due to a long-term increase in wholesale prices at St. Petersburg International Trading Exchange, which gradually began to affect retail. The government plans to solve the situation by increasing mandatory sales on the exchange and limiting the number of gasoline exporters. Meanwhile, in the fall, several refineries are closed for scheduled maintenance. Against this background, the supply of fuel has decreased.
Read more about the situation in the Kommersant article. “The damper is commanded full back”.
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