Date: 7 months ago   Category: Energy

The government has agreed with the oil companies about freezing of petrol prices until the end of the year — Rambler News Service


Photo: Alexander of Astafyev/TASS the Government of the Russian Federation 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, the Deputy Prime Minister of the Russian Federation Dmitry Kozak has told journalists. 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. "We have agreed with the large oil companies and independent oil refineries. They have undertaken obligations of deliveries to large and small wholesale of gasoline and diesel fuel in volumes of the corresponding month 2017 plus 3%. Wholesale prices are recorded as of June, 2018", - Kozak has told. 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. "Agreements are reached that the prices in the wholesale market which will allow to hold the prices at gas stations will be supported and to provide a necessary margin for gas stations", - the minister has told. According to Kozak, the agreement will be signed in the nearest future and will work till March 31, 2019. The Deputy Prime Minister has added that the agreement doesn't provide refusal of increase in excises since January 1, 2019. In case of non-compliance with the agreement by the oil companies the government reserves the right to introduce protecting duties on export of oil products. "Any "gingerbreads" it is offered to nobody. Conditions are met irrespective of an export alternative, or we will be forced to go to a last resort in the form of introduction of protecting duties", – he has emphasized.

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