FACTBOX: What we know about measures to stabilize fuel market, gas station prices

MOSCOW, October 13. /TASS/. Deputy Prime Minister Alexander Novak has instructed relevant agencies and industry companies to intensify efforts to implement additional measures to supply Russian regions with fuel to ensure stability and further balance the production and consumption of petroleum products, the government announced following a meeting on the fuel market situation.

At the meeting, it was noted that the situation in the domestic gasoline and diesel fuel market is stabilizing, and price increases at gas stations owned by vertically integrated oil companies are remaining within inflation rates.

TASS has summarized the key details of the fuel market situation.

Meeting and Novak's directive

- Deputy Prime Minister Alexander Novak held a meeting on the fuel market situation with the participation of representatives of the Federation Council, the State Duma, the Energy Ministry, the Agriculture Ministry, the Federal Antimonopoly Service (FAS), the Transport Ministry, industry companies, and regional heads.

- The Energy Ministry presented data on the balance between petroleum product production and consumption.

- Regional heads reported on the fuel supply situation, the operation of gas station networks, and additional measures to meet demand in their respective regions.

- The situation in the Orenburg, Kemerovo, and Arkhangelsk regions, the Altai and Kamchatka territories, and the Kabardino-Balkarian Republic and the Republic of Khakassia was examined separately.

- Following the meeting, Novak instructed relevant agencies and industry companies to intensify the implementation of additional measures to supply regions with fuel to ensure stability, further balance the production and consumption of petroleum products, and respond promptly to price fluctuations and unjustified price hikes, the government reported.

Fuel market situation and gas station prices

- The government noted that the situation in the domestic gasoline and diesel fuel market is stabilizing.

- Price increases at gas stations owned by vertically integrated oil companies are remaining within inflation rates.

- Regional authorities and independent gas stations signed 94 agreements aimed at regulating the pricing situation.

FAS activities

- The Federal Antimonopoly Service (FAS) reported on the implementation of measures to prevent violations of antimonopoly legislation in the fuel market.

- The watchdog opened 67 cases and issued 99 warnings.