A temporary ban on the export of gasoline and diesel fuel from Russia will help reduce stock exchange quotations and subsequently retail prices in the domestic market. In an interview with RT on this subject said private investor, founder of the Practical Investment School Fedor Sidorov.
“Prices are rising steadily on fuel exchanges and retail prices are following them. The government has been looking for mechanisms to help stabilize the fuel market for some time. In fact, that is why they imposed a temporary restriction on the export of gasoline and diesel,” Sidorov explained.
According to him, price quotes will start to drop pretty quickly. It will be more profitable for oil workers to sell their products in the domestic market.
September 21 Russian government introduced Temporary restrictions were imposed on gasoline and diesel fuel exports. It was not specified how long the ban would be valid. The Ministry noted that the relevant decision was taken to stabilize fuel prices in the country’s domestic market.
Also on the legal transactions portal registeredThe temporary ban on Russian fuel exports will not apply to EAEU countries and humanitarian aid.
Previously in Russia offered Regulates prices for fittings.