The recent decisions taken by the Russian government to regulate the fuel market need to be supported by legal measures. Chairman of the State Duma Energy Committee Pavel Zavalny told journalists about this. His words guide the way TASS.
“The decisions taken by the Russian government to reduce fuel prices in the domestic market are an anti-crisis operational measure aimed at creating a rapid effect. This effect is already noticeable. “The market gave a sufficient reaction and prices fell,” he commented.
According to him, such measures will allow the government, the State Duma and relevant ministries to take the necessary long-term decisions aimed at adjusting the fuel market. Zavalny noted that this work is ongoing. He listed possible solutions: Export taxes, increasing fuel sales on the stock exchange, adjusting the shock absorber mechanism and tax regulation measures.
“The combination of operational and long-term solutions will make it possible to refuel the domestic market, stabilize it and stabilize prices at an acceptable level for both producers and consumers,” Zavalny said.
Foreign exchange prices of gasoline and diesel fuel fell by more than 10% after the Russian government imposed restrictions on fuel exports. On September 21, the Russian government imposed a temporary restriction on the export of gasoline and diesel fuel. It was not specified how long the restriction would be valid. The cabinet explained its decision with the need to stabilize fuel prices in Russia.
Formerly chairman of Gazprom Neft warned about the risk of shortages of gasoline and diesel due to protective duties.
Source: Gazeta
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