Oil companies will have to sell more fuel at the exchange auctions
Oil companies will have to sell more fuel at the exchange auctions. Prime Minister of the Russian Federation, Mikhail Mishustin, signed the decree. The decision is aimed at maintaining a stable situation in the domestic gasoline and diesel market, the press service of the Russian government reports.
The changes relate to class 5 fuel. By a new resolution, the minimum share of gasoline sales on the stock exchange increased from 12% to 13% for diesel - from 8.5% to 9.5%. The deal on the stock exchange of a part of the fuel produced by Russian oilmen allows independent gas stations to purchase it at market prices. This approach reduces the risks of monopoly pricing since many dominant players in the fuel market have their filling stations.
The approved changes will increase the guaranteed volume of demanded fuel supply at exchange auctions and increase the share of transactions concluded on competitive terms.
Earlier, Bashinform News Agency spoke about another increase in gasoline prices in Bashkiria. One reason for this is fluctuations in exchange prices for this fuel type.
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