There is not enough market competition among manufacturers for a noticeable decrease in gasoline prices in Russia. This is the view in an interview with RIA Novosti expressed Kirill Rodionov, an expert at the Institute for the Development of Fuel and Energy Complex Technologies, comments on the lifting of the ban on gasoline exports.
According to the expert, such a measure will normalize the regulation of the fuel market, but it will not be an incentive for a serious decrease in gasoline prices.
“With the lack of real competition in fuel production, producers have no market incentives to reduce prices. Rodionov noted that de facto the fuel market is based on a “gentlemen’s agreement” in which oil companies keep prices within inflation limits in exchange for billions of dollars in subsidies to oil refineries.
He explained that only monopolizing the oil refinery would help solve the problem. Other necessary measures include a sharp increase in fuel barter sales standards, a reduction in excise taxes and a weakening of regional standards on the provision of land for the construction of new gas stations, the energy expert said.
Foreign exchange prices of gasoline and diesel in Russia began to rise in the spring and remained at record levels for several months. The growth rate and prices at gas stations have also accelerated significantly.
On September 21, the Russian government banned the export of gasoline and diesel fuel. he was removed From November 17th. According to the Ministry of Energy of the Russian Federation, in the last two months the domestic market has become saturated with fuel, resulting in an oversupply. This led to a decline in the stock market wholesale prices of gasoline. In addition, as the winter season approaches, the demand for gasoline decreases. The ministry explained that this means that the workload of oil refineries and gasoline producers will soon decrease.
Previously in Russia I thought about it on increasing penalties for dishonest fuel supply.