The Russian government approved measures to stabilize fuel prices in…
The Russian government approved measures to stabilize fuel prices in Russia. The government will consider a draft amendment aimed at taking steps to stabilize the market for fuels and lubricants during its Thursday meeting, according to the government's press service.
Consensus
- The Russian government approved measures to stabilize fuel prices on July 16.
- The measures include export bans on gasoline, diesel, and aviation kerosene.
- Refineries have been operating at maximum capacity, with maintenance work postponed or canceled.
- Government reserves of fuel are being released onto the market.
- The St. Petersburg Exchange introduced new rules to ensure direct sales of fuel to end consumers.
- Price increases on the exchange were limited and trading norms reduced.
Points of divergence
- The government allowed circulation of 'Euro-3' gasoline until the end of the year, despite non-compliance with Eurasian Economic Union technical regulations. — kommersant
- Oryol Oblast canceled its 'odd-even' fuel rationing system, which it had introduced on July 4 and was the first region in Russia to do so. — vm
- The government is considering amendments to Articles 251 and 270 of Part Two of the Tax Code related to fuel pricing stabilization. — interfax
Coverage (3 sources)
- Government submitted a project of measures to stabilize fuel prices to the State Duma — Коммерсантъ
- Russian Government Approved Measures to Stabilize Fuel Prices in Russia — Вечерняя Москва
- Russian Government to Consider Amendments to Fuel Code for Market Price Stabilization — Интерфакс