Nikolai Shulginov, head of the Ministry of Energy of the Russian Federation, said that the Russian government’s measures to stabilize the fuel market have already led to a decrease in prices at gas stations. This was reported by TASS.
According to him, the ministry is already recording price reductions. He added that the results were already visible, a trend towards lower prices, “but this is a market story.”
Before that the Russian government approved Additional measures to stabilize the domestic fuel market. Compulsory sales standards for exchange trading of AI-95 gasoline were increased from 13% to 15%, and for diesel fuel from 9.5% to 12.5%.
The government added that the changes will increase the volume of guaranteed supply of fuel in demand in exchange trading and increase the share of transactions on competitive terms.
The Federal Antimonopoly Service demanded that oil companies and independent gas stations reduce gasoline prices to economically viable levels. Fuel must be provided to consumers in the domestic market, including agricultural producers, FAS chairman Maxim Shaskolsky said. Russian President Vladimir Putin had previously stated that there was an increase in retail gasoline prices and called on the government to work more closely with fuel companies.
Previously recognizedWhen oil prices fall to $50 per barrel.
Source: Gazeta
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