the government manages to balance the fuel market – Kommersant

Deputy Prime Minister Alexander Novak said that the Russian government is managing to balance the fuel market. He announced this during a conversation with reporters.

Mr. Novak added that the authorities are also ready to apply those measures to maintain and reduce prices for gasoline and diesel, which were prepared by the Ministry of Energy. According to him, there is no shortage of fuel on the market, and its production is growing.

“The main problem now is to maintain and not increase prices on the domestic market, which oil companies succeed in, creating a disproportion in the wholesale market, so we are working to balance the wholesale market,” said the Deputy Prime Minister (quoted from “Interfax”). The reason for the increase in fuel prices in Russia, according to Alexander Novak, is associated with the growth of the global market situation.

The government, as the Deputy Prime Minister said, is ready to use “more radical solutions” to reduce fuel prices, if necessary.

Against the backdrop of statements about planned government measures to stabilize the situation on the fuel market, fuel prices began to decline. The cost of AI-95 gasoline at the St. Petersburg International Commodity and Raw Materials Exchange based on trading results on September 20 fell by 5%, the price of AI-92 – by 4%.

Earlier, Kommersant learned that the Ministry of Energy and the Ministry of Finance proposed introducing a protective duty on the export of all petroleum products in the amount of $250 per ton.

More details in the text “Kommersant” “Fuel is threatened with duty”.

Petr Buzlaev