The Russian Cabinet of Ministers has initiated an active discussion of new methods and measures that will help control the rise in prices of gasoline and diesel fuel, especially at the beginning of the high demand season. This was reported by RBC With reference to a document prepared after the government meeting with Deputy Prime Minister Alexander Novak.
According to the minutes of the April 2 meeting, the Deputy Chief Cabinet recommended that vertically integrated oil companies (VIOCs) abandon the practice of purchasing petroleum products from each other on the stock exchange.
Instead, Novak urged oil workers to switch to another option, namely contracting directly at auction-determined prices.
Currently, the industry’s largest producers are required to sell 15 percent of gasoline production and 16 percent of diesel production on the stock exchange. Such standards were created in Russia.
These volumes are expected to be sufficient to supply fuel to fuel stations operating independently of the largest producers. According to RBC, oil companies can get around these requirements for selling fuel at auction by buying from competitors.
Ministry of Energy at the beginning of April posted a commentHe assured that Russia has sufficient production volumes and gasoline reserves that will be enough for all motorists in the country even during periods of increased demand.
Russians before saidHow to tell if gas is underfilled at a gas station?
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Source: Gazeta
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