Novak instructed the Ministry of Energy to consider the feasibility of a temporary ban on the export of gasoline

Deputy Prime Minister Alexander Novak instructed the Ministry of Energy to consider the feasibility of introducing a temporary ban on the export of gasoline, taking into account the situation on the oil product market in the third quarter of this year, the press service of the Cabinet of Ministers said. Earlier, the ministry proposed to limit the export of fuel from Russia for three months in order to stabilize the domestic market and prevent price increases. Mr. Novak first announced the government’s plans to introduce a temporary ban on the export of petroleum products in mid-April.

“It is necessary to further elaborate measures to stabilize prices in the wholesale market. The Ministry of Energy of the Russian Federation, taking into account the situation on the oil product market in the third quarter of 2021, to consider the feasibility of introducing a temporary ban on the export of gasoline, “- said in a statement following the meeting of the Deputy Prime Minister with oil companies.

Novak also instructed the department to study the need to conclude agreements with oil companies on the maximums of regional wholesale prices and work out their parameters.

In accordance with the instructions of the Deputy Prime Minister, the Ministry of Energy and the Federal Antimonopoly Service (FAS) will work out the issue of increasing the standard of fuel sales on the exchange by 1% in the third quarter. By July 15, changes in the joint order of the departments will be submitted to the government.

The FAS, together with the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX), must also prepare amendments to the rules for exchange trading in petroleum products. They will have to make proposals to increase the interval between the placement on the exchange of a message about the sale and the purchase itself.

How the authorities began legal preparations for a ban on the export of gasoline, read in the material of “Kommersant” “Export has big eyes.”

Leave a Reply

Your email address will not be published. Required fields are marked *