Russian energy minister anticipates stable fuel prices in long-term perspective
According to the minister, the country’s oil sector has reserves of two million tons of gasoline and 3.5 million tons of diesel fuel and manages to offer high supply on the market.
Gasoline and diesel fuel prices in Russia will remain stable in the long-term perspective thanks to the measures that have already been taken, Russian Energy Minister Sergey Tsivilev told TASS.
According to the minister, the country’s oil sector has reserves of two million tons of gasoline and 3.5 million tons of diesel fuel and manages to offer high supply on the market.
"As for the current situation, we have managed to saturate the market and accumulate sufficient resources: around two million tons of gasoline and some 3.5 million tons of diesel fuel. Apart from that, oil companies are maintaining a high level of supply of fuel on the stock exchange, which lays a long-term basis for price stabilization," he said on the sidelines of the Eastern Economic Forum.
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Gasoline and diesel fuel prices in Russia will remain stable in the long-term perspective thanks to the measures that have already been taken, Russian Energy Minister Sergey Tsivilev told TASS.
According to the minister, the country’s oil sector has reserves of two million tons of gasoline and 3.5 million tons of diesel fuel and manages to offer high supply on the market.
"As for the current situation, we have managed to saturate the market and accumulate sufficient resources: around two million tons of gasoline and some 3.5 million tons of diesel fuel. Apart from that, oil companies are maintaining a high level of supply of fuel on the stock exchange, which lays a long-term basis for price stabilization," he said on the sidelines of the Eastern Economic Forum.
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