Russia to Control Fuel Prices and Supplies
The government will consider the possibility of creating a control system for the entire chain of oil product circulation on the domestic market for volumes from 1 ton and plans to introduce new measures for fuel price control.
Consensus
- The Russian government is preparing a system of comprehensive monitoring of fuel supply chains on the domestic market starting from shipments of 1 ton.
- The system will include setting regional indicative prices for fuel to be used as a basis for price control across all stages of supply.
- Regulators will take measures against companies that overcharge for fuel.
- The pilot program for the new system will be implemented in the Republic of Tuva.
- Ministry of Energy and FAS are tasked with preparing proposals to increase the sale of 'Euro-2', 'Euro-3', and 'Euro-4' fuel on the St. Petersburg Exchange.
- Ministry of Energy and oil companies are to submit a list of gas stations in southern Russia and the North Caucasus for inspection by Rosstandart.
- Regional authorities are advised to conclude price agreements with independent market participants.
Points of divergence
- The existing exchange market for fuel will be effectively abolished, with exchange sales limited to 2-3% of current levels, and only enough fuel will be supplied to the exchange to establish 'indicative prices'. — tg_moscowtimes_ru
- The government plans to legalize the production and sale of 'Euro-2', 'Euro-4', and 'Euro-3' fuel, which may contain up to 50 times more sulfur, unregulated benzene levels, and banned monomethyl aniline (MMA), a carcinogenic additive. — tg_moscowtimes_ru
- The new system will artificially depress prices in wholesale and retail markets and benefit vertically integrated oil companies while pressuring independent refineries and traders. — tg_moscowtimes_ru
- The project includes a model for market operation under normalized conditions across exchange, wholesale, and retail segments, including changes to exchange norm accounting, import rules, and fuel release. — vedomosti
- The President of Russia, Vladimir Putin, stated that Prime Minister Mikhail Mishustin is overseeing the situation on the fuel market, but issues remain unresolved. — vedomosti
- Ministry of Energy and oil companies must submit a list of gas stations to Rosstandart for analysis of 'Euro-2', 'Euro-3' and 'Euro-4' fuel sales. — kommersant
Coverage (5 sources)
- Government prepares total control over prices and supplies of petroleum products due to increased gasoline shortage — The Moscow Times
- Government may establish control over the entire oil supply chain — Ведомости
- Government of Russia is considering the possibility of creating a system to control the entire chain of turnover of petroleum products on the internal... — ТАСС (Telegram)
- In Russia, control over fuel deliveries and pricing will be strengthened — Вести
- Government prepares new measures for fuel price control — Коммерсантъ
Key entities
- Russia
- FAS
- Ministry of Energy
- Alexander Novak
- Kommersant
- Commerzant
- Moscow
- U
- Euro-3
- NPZ
- Ministry of Energy
- Euro-4