The Russian government announced the restoration of the fuel damper to its previous volume from October 1. The country has approved additional systemic measures to maintain stability in the fuel market.
As the press service of the Cabinet of Ministers reported, increasing the damper coefficient from 0.5 to 1.0 “will increase the amount of compensation to oil refineries for lost income when selling motor fuel on the domestic market.” Corresponding amendments will be made to the Tax Code.
In addition, according to the government decision, the share of diesel sales on the exchange has been increased from 9.5 to 12%, and for class 5 gasoline – from 13 to 15%. The press service explained that this will enable private gas stations to buy fuel at market prices, and will also reduce the “risks of monopoly pricing.”
Russia has also partially lifted the ban on the export of diesel fuel, which had been in effect since September 21. Manufacturers were allowed to deliver it provided that at least half of the total output goes to the domestic market.
In addition, the authorities introduced a protective duty on petroleum products in the amount of 50 thousand rubles per ton for suppliers purchasing products for resale. It is clarified that the measure is being taken to combat “gray” exports.
Earlier it became known that the FAS sent letters to oil companies and private gas stations demanding a reduction in fuel prices.
Source: Rosbalt
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