Novak Orders Fuel Price Agreements with Small Refineries and Stations

Deputy Prime Minister Alexander Novak held another meeting on the situation in the Russian fuel market.

Consensus

Alexander Novak, Russian Vice-Premier, instructed federal agencies to develop agreements between small oil refineries (NPPZ) and independent gas stations (AZS) to regulate fuel prices.
Federal agencies were tasked with strengthening control over the labeling of fuel with ecological classes K2, K3, and K4 during sales.
The development and improvement of an information system for monitoring the fuel market situation was emphasized.
The government has allowed the sale of fuel with ecological classes K2, K3 and K4 until 30 June 2027.
The fuel market situation is reported to be more stable compared to the previous week.

There has been an increase in sellers of fuel cards issued under shell companies, enabling refueling at 31 rubles per liter, with cards allegedly pre-funded. — vm
Novak stated that fuel prices at oil company stations are rising in line with inflation and that some refineries have resumed operations without repairs. — vedomosti
Novak emphasized the need for early determination of required fuel import volumes and improving forecasting to enable preventive responses to supply and demand changes. — kommersant