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Rising fuel prices in the FEFD will be kept up by adjusting the damper - EastRussia | Far East

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Rising fuel prices in the FEFD will be held up by adjusting the damper

Rising fuel prices in the FEFD will be held up by adjusting the damper
Photo: pixabay.com

The Russian government will adjust the damping mechanism formula, which will compensate the oil industry for a part of the loss of profits due to the sale of fuel in the domestic market. This should help curb price increases in the Far East so that it does not exceed inflation.

As stated by Deputy Prime Minister Dmitry Kozak, whose words are TASS, in the damper a multiplying factor will appear - an additional premium for the Far East. As a result, the index of growth in prices for motor fuel will not exceed the parameters established by last year's agreement with the oil industry, and forecasts that are laid in the damper. Also, the Deputy Prime Minister said that the authorities do not plan to use the fuel reserves of the Federal Reserve Agency to stabilize the situation in the DFO.

After reports that gasoline prices in the DFO reached maximum values, Prime Minister Dmitry Medvedev instructed to look into the problem soaring prices on fuel in the Far East. After that, Deputy Prime Minister Dmitry Kozak said that in the Far East all within normal limits.