Urgent Measures to Reduce Fuel Prices in Russia: Government’s Directive to Oil Companies and Market Participants

2023-09-28 19:52:00

Russia is going to take urgent measures to reduce fuel prices at gas stations. This instruction was given to market participants by Deputy Prime Minister Alexander Novak.

“Alexander Novak instructed to take urgent measures to reduce fuel prices at gas stations of oil companies and the independent segment. He also ordered to bring prices in small wholesale to the price level of large wholesale, taking into account transport costs. The reduction should occur in the near future,” reports press service Cabinet

Previously, the government of the country proposed three ways keep fuel prices down. Russian President Vladimir Putin noted that the cost of gasoline continues to rise, despite the steps taken by the Cabinet of Ministers, reports “National News Service».

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