Putin: Government, antitrust to stabilize gasoline prices by Sep - 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

Putin: Government, antitrust to stabilize gasoline prices by Sep

MOSCOW, Jun 7 (PRIME) -- The Russian government and the Federal Antimonopoly Service will track fuel prices closely and stabilize them by September, President Vladimir Putin said on Thursday during a Direct Line Q&A conference.

RussiaТs gasoline prices jumped 13% on the month in April and 5.6% in May. In order to curb the growth, the government cut excises on gasoline and diesel fuel from June 1 and will abstain from raising them from July 1. It also agreed with the largest Russian oil producers to fix retail prices for fuel at the level of May 30.

УWe are to take additional measures until the autumn this year to stabilize the situation at the marketЕI assume that the government will keep a close eye on the situation, and the Federal Antimonopoly Service will make corresponding decisions instead of turning a blind eye on what is happening,Ф Putin said.

The prices grew because of poor regulation, which is unacceptable, he said.

Putin even called Energy Minister Alexander Novak asking him to explain the situation. Novak said that fiscal measures of the government stopped the fuel price growth. There is no fuel deficit in Russia at the moment, he said.

The government also worked out additional measures to stabilize the prices. УThe issue here is about introduction of an export duty by the government of Russia, for which weТve prepared a corresponding bill that we are to submit to the State Duma very soon. We are asking for your support. This would become an additional incentive for prices not to grow at the internal market,Ф he said.

Putin promised support in increasing export duties on oil products. УWeТve always had constructive dialogue with oil and gas companies. It is good that they understand that we have to solve the problem and not to corner itЕYou should prepare that bill, I will support it,Ф he said.

End

07.06.2018 13:23
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.6844 -0.3909 25 sep
USD 66.1594 -0.0903 25 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1159.60 +0.88 14:27 24 sep
micex 2425.88 -0.04 14:27 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.17 -0.30 14:12 24 sep
lkoh 4761.00 +0.50 14:12 24 sep
rosn 446.50 +1.39 14:12 24 sep
sber 197.25 +1.97 14:12 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.5625 -0.8825 14:09 24 sep
USDTD 65.9275 -0.5400 14:09 24 sep