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The Far East will be touched by the stabilization of fuel prices, but will bypass production growth
The Ministry of Energy, the Federal Anti-Monopoly Service, oil companies and independent refineries agreed on measures to stabilize prices on the fuel market. According to it, monthly production and sales of products will grow by 3% in relation to the corresponding period of last year. However, this requirement will not apply to the Far East.
As the RIA News", oil companies pledged to comply with the agreements reached immediately. There is a day for legal registration, it takes time to go through all corporate procedures. The agreement will be valid until the end of March 2019.
According to the deputy chairman of the Russian government, Dmitry Kozak, the situation on the fuel market was artificially shaken due to the fact that independent gas stations wanted to reduce wholesale prices, and this may not always be justified. He also stated that the cabinet must respond to these requests, therefore, in the near future, the situation will be stabilized not only in the wholesale, but also in the retail segment of the market.