Official says fuel prices in Russia falling - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Official says fuel prices in Russia falling

MOSCOW, Jun 19 (PRIME) -- RussiaТs Federal Antimonopoly Service and the Energy Ministry are daily monitoring fuel prices, which are currently falling, the serviceТs Deputy Director Anatoly Golomolzin said on Tuesday at a meeting of the Federation CouncilТs committee on economic policy.

УIf previously monitoring was done on a weekly basis, now taking into account the crisis situation, monitoring jointly with the Energy MinistryТs CDU-TEK is held daily. The analysis shows that while at the beginning of the first week of June some growth remained, there was already some reduction of prices in the second week. The prices are currently stabilizing on the market,Ф he said.

Deputy Energy Minister Pavel Sorokin said that the government was doing enough.

УIn the current external macroeconomic parameters, which we believe to be quite stable, the taken measures are enough in order to, first of all, stabilize prices, and we see it. Secondly, in order to ensure sufficient marginality of the sectorТs functioning through saturation of the market, that is the bourse, with oil products,Ф he said.

The planned measures under the tax maneuver are to be enough to cap fuel prices by inflation, he added.

Fuel prices grew rapidly in April and May. The government had to cut excises on gasoline and diesel fuel, and agreed with the largest oil companies to fix prices at the level as of May 30 while the government works on measures to support the industry.


19.06.2018 14:09
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 79.5181 +0.3280 03 jul
USD 70.5198 +0.0785 03 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1248.28 +2.94 18:50 02 jul
micex 2788.79 +1.66 18:50 02 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 195.35 +0.54 19:11 02 jul
lkoh 5411.00 +1.84 19:11 02 jul
rosn 366.15 +1.20 19:11 02 jul
sber 209.69 +3.18 19:11 02 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 79.3550 -0.1975 14:59 02 jul
USDTD 70.3375 -0.8950 17:44 02 jul