Regions to Regulate Fuel Prices via Agreements with Independent…
The Russian government, through Minister of Energy Alexander Novak, announced plans to regulate fuel prices via agreements between regions and independent fuel stations, while also establishing standardized contracts with independent oil refineries and setting maximum markups on fuel prices.
Consensus
- Regions will sign agreements with independent fuel stations regarding maximum markups on fuel prices.
- The Ministry of Energy and the Federal Antimonopoly Service (FAS) will sign standardized agreements with independent small and medium-sized oil refineries (NPPs).
- These agreements will include terms related to wholesale fuel prices for independent fuel stations.
- Maximum markups on wholesale fuel prices will be defined for independent fuel stations.
- The agreements with independent fuel stations will be signed by regions, not the federal government.
- The Ministry of Energy and FAS are responsible for setting wholesale fuel prices for independent stations.
- There has been a fuel shortage at Russian fuel stations since June, leading to price increases by independent operators.
- FAS has reported violations of antitrust legislation and issued warnings for fuel price hikes.
- The government is relying on increased fuel supply to the domestic market.
- Russia has started importing gasoline to meet domestic demand.
- The import damping mechanism has been extended to diesel fuel.
- The domestic market is being supplied by imported fuel and fuels of grades K2–K4.
Points of divergence
- Ministry of Energy and FAS will sign typical agreements with independent small and medium-sized refineries. — kommersant
- Ministry of Energy and FAS have already signed typical agreements with independent small refineries, including a document on wholesale fuel prices for independent stations. — vesti
- There are currently no decisions on state support for restoring damaged refinery infrastructure. — m24
- The Ministry of Energy is preparing proposals to delay the modernization deadlines of oil refineries previously set in agreements. — m24
- Vertically integrated companies produce only environmentally friendly K5-grade fuel. — m24
Coverage (3 sources)
- Novak: regions will regulate fuel prices through agreements with independent gas stations — Коммерсантъ
- Regions will sign agreements on fuel prices with gas stations, the Ministry of Energy and the FAS — Вести
- Ministry of Energy and FAS will prepare agreements with independent refineries — Москва 24
Key entities
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