Date: 9 months ago   Category: Energy

Gazprom Neft has reduced wholesale prices for fuel since November 1 — Rambler News Service


Gazprom Neft supports the agreement of the Government of the Russian Federation with the oil companies and independent oil refineries on stabilization of the Russian market of oil products, it is said in the statement of the company. The company has also noted that Gazprom Neft has started implementation of the agreement and since November 1 I have reduced small wholesale petrol prices and diesel fuel on average by 15%. "Gazprom Neft confirms the participation in the agreement between the Ministry of Energy, Federal Antimonopoly Service and oil to the companies. "Gazprom Neft" is interested in stability of the fuel market of the country". The company has started implementation of the agreement and since November 1 has reduced small wholesale petrol prices and diesel fuel. Decrease has averaged up to 15%" — it is said in the statement. The company has also reported that it in full fulfills all obligations within the previous arrangements with the Government of the Russian Federation. In particular, fuel prices at seti «gazpromneft gas Station remain at the level of May, 2018, and the company doesn't plan them to change in the nearest future. Besides, following the results of nine months 2018 own oil refineries of Gazprom Neft — Omsk and Moscow — have increased the output of automobile fuels and other light oil products in comparison with the reporting period of last year. Cumulative production of diesel fuel and Euro-5 gasoline has increased by 10,1% (to 6,54 million tons) and 5% (to 5,4 million tons) — respectively. This production is in full delivered on the Russian market. Earlier, on October 31, the Deputy Prime Minister of the Russian Federation Dmitry Kozak has reported that the government has agreed with the vertically integrated oil companies (VIOC) and independent oil refineries about freezing of petrol prices and diesel fuel until the end of 2018. According to him, the relevant agreement provides obligations of the companies for supply of fuel to the market at the level of last year plus 3%. At the same time wholesale prices for oil products are fixed at the level of June of the current year. The Minister of Energy of the Russian Federation Alexander Novak has explained that fixing of wholesale prices will allow to support retail prices for gas station. According to Kozak, the agreement will be signed in the nearest future, and it will work till March 31, 2019.

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