Govt Plans Gasoline Price Ceilings for Regions
The government is preparing a new mechanism for controlling fuel prices, which could make supplies to deficit regions unprofitable. The Cabinet of Ministers is preparing a package of measures to control the turnover of fuel and price formation on the fuel market, reports Kommersant.
Consensus
- The government is developing a new mechanism to control fuel pricing in regions.
- Federal Antimonopoly Service (FAS), Ministry of Energy, and oil companies have been tasked with determining indicative prices for fuel by region.
- The new system may involve mandatory fuel sales on the St. Petersburg Exchange, accounting for 2–3% of production.
- Indicative prices will be based on exchange indices and used to monitor the fuel supply chain.
- Price controls are being introduced amid a second wave of fuel crisis in Russia.
- Fuel prices rose in 55 Russian regions between August 18–24, with the highest increases in Dagestan (7.8%) and Ryazan Oblast (6.2%).
- Average prices for AI-92 and AI-95 rose by 0.9% to 73.08 and 79.32 rubles per liter, respectively.
- Fuel prices have increased by 19.4% and 18.4% year-to-date for gasoline and diesel, respectively.
- The new model must be submitted to the government by September 15.
- The measures are expected to affect fuel supply to deficit regions.
Points of divergence
- The government plans to increase sales of 'Euro-2', 'Euro-3', and 'Euro-4' fuel standards on the St. Petersburg Exchange and analyze their sales in southern regions and the North Caucasus. — tg_istories_media
- The government plans to require mandatory sales of 2–3% of fuel production on the exchange, which will influence exchange indices used for price calculation. — tg_agentstvonews
- Independent refineries and traders will feel stronger pressure if price ceilings are enforced. — tvrain
- The system will be tested first in Tuva. — tg_tvrain
- The government's actions will not increase fuel reserves and will artificially lower retail prices. — tg_istories_media
- In some cities, including Moscow, fuel was unavailable at more than 30% of gas stations by the end of the previous week. — tg_agentstvonews
Coverage (4 sources)
- Government plans to introduce a 'ceiling' on fuel prices for regions — Дождь
- Government plans to introduce a 'ceiling' on fuel prices for regions. Due to this, some areas may face a shortage of fuel — Дождь (Telegram)
- Government will set price caps on gasoline in regions. This could make fuel supplies to deficit regions unprofitable... — Важные истории
- Government prepares new mechanism for fuel price control, which may make supplies to deficit regions unprofitable... — Агентство. Новости