Russia's fuel market shows positive trend after government meeting

Novak held a meeting on fuel, noting positive dynamics in the market.

Consensus

A meeting was held by Russian Vice Prime Minister Alexander Novak on the fuel market situation.
Positive dynamics are observed in the fuel market, including both gasoline and diesel fuel.
Production of fuel has increased and reserves are being formed.
The positive results are attributed to previously implemented compensatory measures.
Federal and regional authorities, along with industry players, contributed to the improvement.
Data collection in the state information system of the fuel and energy complex (GIS TЭK) is ongoing for monitoring fuel reserves and infrastructure.
Antitrust violations on the fuel market are being addressed, with 74 cases opened and 105 warnings issued by the Federal Antimonopoly Service (FAS).
127 agreements have been signed between regional authorities and independent fuel stations to stabilize prices, across 45 subjects of the Russian Federation.
Regional authorities reported on fuel supply, station operations, and price trends.
The situation in Krasnoyarsk Krai, Stavropol Krai, Penza, Rostov, Ulyanovsk, Omsk regions, and the Republics of Karelia and Bashkortostan was reviewed.
Continued work is needed on price adjustment, data collection, and signing agreements with independent market participants.

A deal for diesel supply between Russia and the United States will begin on October 23. — vm
The first tanker with oil from the 'Vostok Oil' project was loaded at the Dikson port on October 17. — vm
Alexander Novak stated in a prior interview that a diesel surplus in Russia needs to be exported to avoid reducing fuel processing volumes. — vesti