The State Duma approved the law on an import damping mechanism for…
The State Duma approved the law on an import damping mechanism for diesel fuel in both its second and third readings.
Consensus
- The Russian State Duma approved a law introducing an import damping mechanism for diesel fuel.
- The mechanism will be activated when export restrictions on diesel are in place.
- State subsidies will compensate importers for the difference between export prices and domestic market prices.
- The compensation coefficient for diesel imports from Belarus is set at 0.9, matching the existing rate for gasoline.
- The law applies from July of this year to June 2027.
- The measure aims to ensure stable supply of fuel on the domestic market.
Points of divergence
- The law allows vertical integration companies to reduce their exchange quota by directing more fuel through direct contracts with refineries, and failure to meet exchange obligations nullifies the excise tax rate on crude oil. — meduza
- The government approved the expansion of the import damping mechanism to diesel fuel on July 17. — kommerstam
Coverage (2 sources)
- State Duma approved a mechanism to curb diesel fuel price growth; authorities will subsidize importers — Meduza
- State Duma adopted a law on import duty rebate for diesel fuel — Коммерсантъ