Russian antimonopoly watchdog to support restrictions on exports of petroleum products
Retail prices have been stable thus far but there has been a rise in sales on the exchange, the regulator said.
The Russian Federal Antimonopoly Service is ready to back restrictions on exports of petroleum products if proposals for such a mechanism are put forward, the regulator’s press service told TASS on Wednesday.
"We will support this mechanism, should it be offered. Such a measure could help protect the fuel market. We will keep an eye on prices. The Energy Ministry is responsible for [regulating the] operations of oil companies; if they suggest such an initiative, we will back it," the press service noted.
Retail prices have been stable thus far but there has been a rise [in sales] on the exchange, the regulator said, referring to the price situation in the market for petroleum products.
"Previously, we already proposed increasing exchange-based sales of gasoline to 15%," the press service added.
Source
The Russian Federal Antimonopoly Service is ready to back restrictions on exports of petroleum products if proposals for such a mechanism are put forward, the regulator’s press service told TASS on Wednesday.
"We will support this mechanism, should it be offered. Such a measure could help protect the fuel market. We will keep an eye on prices. The Energy Ministry is responsible for [regulating the] operations of oil companies; if they suggest such an initiative, we will back it," the press service noted.
Retail prices have been stable thus far but there has been a rise [in sales] on the exchange, the regulator said, referring to the price situation in the market for petroleum products.
"Previously, we already proposed increasing exchange-based sales of gasoline to 15%," the press service added.
Source