Business · Energy & Commodities · 11 hrs ago

Russia directs agencies to strengthen regional fuel supplies

Russia directs agencies to strengthen regional fuel supplies

At a meeting on Russia’s fuel market, Deputy Prime Minister Alexander Novak ordered agencies and companies to strengthen regional fuel supplies.

The directive aims to keep fuel available and better balance the production and use of petroleum products.

The government said gasoline and diesel markets were stabilizing, with price increases at stations owned by major integrated oil companies staying within inflation rates.

Regional officials also described supplies and station operations, with several regions and territories reviewed separately.

Regional authorities and independent stations signed 94 pricing agreements to help regulate prices.

The Federal Antimonopoly Service said it had opened 67 cases and issued 99 warnings over possible competition-law violations.

Officials and companies are to intensify supply measures and respond quickly to price swings and unjustified increases.

1 source

Related