Pavel Zavalny, Chairman of the Energy Committee of the State Duma of the Russian Federation, said that it is impossible under current conditions to subsidize the domestic market at the expense of the foreign market, thereby keeping fuel prices at a low level for domestic consumers. This was reported by Interfax.
According to him, this cannot be done with the current parameters of dumps and customs duties. The MP claims that if fuel prices remain stable under these conditions, the economy will turn negative.
He believes that a middle ground should be found to subsidize the domestic market through exports.
Zavalny emphasized that consumers should be offered the lowest prices, but at the same time market prices should be protected.
Before that the Russian government introduced Temporary restrictions were imposed on gasoline and diesel fuel exports.
The decision was taken to stabilize fuel prices in the country’s domestic market. The government emphasized that temporary restrictions “will help saturate the fuel market, which will reduce prices for consumers.”
Previously recognizedWhen oil prices fall to $50 per barrel.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.