Alexander Novak, the Deputy Prime Minister of the Russian Federation, stated that if the trend in fuel prices does not shift, the government will impose strict regulatory measures. These steps would mirror the controls currently used in the fertilizer market, a move that signals the state’s readiness to intervene decisively in energy pricing. This report comes from RIA News and reflects the government’s concern about ongoing price dynamics in Russia’s fuel sector.
Novak noted that the export ban on gasoline and diesel has already contributed to a softening of prices in the stock markets. This downward pressure is expected to pass through to the wholesale and retail layers, and ultimately influence the costs faced by agricultural producers and other end-users. The market reaction underscores how policy levers, such as export restrictions, can ripple across multiple market segments and affect affordability for households and business operators alike.
In his remarks, Novak stressed that price increases are unacceptable. If no improvement is observed, the government will deploy regulatory instruments comparable to those used in the fertilizer market to stabilize the situation. The emphasis on rapid and robust action reflects a broader government strategy to maintain price stability in essential sectors and prevent speculative price swings from harming consumers and producers.
To ensure that fuel prices at gas stations decline or at least do not rise, the Deputy Prime Minister ordered the implementation of urgent measures across both the vertically integrated oil companies and independent retail networks. The aim is to create a more predictable pricing environment for motorists and businesses, reducing the burden of fuel costs while preserving supply security and market competition.
In parallel, the federal tax and customs authorities were instructed to carefully monitor compliance with the export ban on motor fuels. This monitoring is intended to deter evasion, safeguard the efficiency of domestic markets, and guarantee that policy goals of price moderation and energy self-sufficiency are achieved without unintended distortions.
Meanwhile, Kremlin spokesperson Dmitry Peskov indicated that OPEC+ member countries are not currently considering new consultations to expand oil exports. The statement reflects a broader context in which energy markets respond to shifts in supply expectations, geopolitical developments, and global demand trends. The absence of imminent talks suggests a wait-and-see approach as markets calibrate the balance between supply discipline and international demand dynamics.
Earlier remarks highlighted a threshold scenario in which oil prices could fall toward roughly fifty dollars per barrel. This potential development would carry significant implications for government pricing policies, inflationary pressures, and the overall energy strategy. Analysts continue to monitor how such price movements could interact with regulatory measures, exchange rates, and the broader economic recovery trajectory. It remains crucial for policymakers to align fiscal and monetary tools with market signals to sustain affordability while preserving investment incentives and energy security. Source: RIA News